Reported 3 days ago
Tesla shares saw slight gains as analysts adjusted their price targets following disappointing delivery figures. Despite achieving record quarterly deliveries, the company's first annual sales decline raised concerns about the challenges faced by its traditional auto business amidst increasing competition and slowing EV demand. Analysts remain optimistic about Tesla's growth in energy storage and AI technologies, expecting vehicle deliveries to potentially rise by 20% to 30% in the upcoming year.
Source: YAHOO