Reported about 21 hours ago
Tesla shares fell over 15% on Monday, marking their lowest point since before the presidential election, fueled by reduced delivery forecasts and weak demand for its Model 3 and Model Y vehicles. UBS analysts downgraded the price target from $259 to $225, highlighting a significant decline in car shipments in China and indicating softer market demand. Despite the drop wiping out all post-election gains and a 18% decline in March, some analysts remain optimistic about Tesla's transition into diversified sectors like AI and robotics.
Source: YAHOO