Reported 1 day ago
UBS analyst Joseph Spak has reiterated a 'Sell' rating on Tesla shares after a 40% decline, expressing concerns over demand for models 3 and Y, and lowering the price target to $225. The market sentiment has been worsening, with February seeing significant declines in sales both in China and Australia, alongside rising competition and new tariffs. Despite these issues, some analysts remain bullish, citing potential future demand and innovations like robotaxis.
Source: YAHOO