Posted 4/10/2024, 3:28:00 PM
Tesla Faces Gloomy Outlook as Analysts Cut Price Targets on Lower Delivery Forecasts
- Tesla stock price targets cut by analysts, who predict lower 2024 deliveries vs. 2023
- Jefferies and Piper Sandler lower TSLA price targets to $165 and $205 respectively
- Analysts expect declining Tesla earnings, with 2024 EPS estimates down 29% since end of 2023
- Tesla reportedly canceled $25K Model 2 car to focus on developing robotaxi platform
- Tesla stock has plunged in 2023 and continues to face downward revisions to growth forecasts
