Reported 6 months ago
TheStreetAnalyst unveils Tesla stock price target before Q2 deliveries. Despite a decline in Tesla shares this year, an analyst sees potential for a stronger second half with the production ramp-up of the Cybertruck and the launch of the long-delayed robotaxi. Challenges such as a global EV demand slump, competition in China, and supply-chain issues impacting deliveries are highlighted. Analysts predict a 3% year-over-year growth for Tesla, with second-quarter delivery estimates slightly reduced. Tesla shares dropped 0.36% in premarket trading, contributing to a 30% decline in 2024.
Source: YAHOO