Reported 12 months ago
As Tesla's highly anticipated Q2 delivery figures are expected to be published on July 2, a key Wall Street analyst has suggested that Tesla's stock may have more room to move lower. Wells Fargo added the stock to its Tactical Ideas list with an underweight rating, anticipating another disappointing quarter for overall deliveries. The bank lowered its 2024 delivery tally prediction and expressed concerns about Model 2 demand and margin profile for a smaller, mass-market vehicle.
Source: YAHOO