Tesla shares are trading lower after Goldman Sachs lowered its EPS estimates for 2023 and 2024, primarily citing lower ASPs.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has lowered its EPS estimates for Tesla for 2023 and 2024, primarily due to lower average selling prices (ASPs). This has led to a decrease in Tesla's share price.
September 18, 2023 | 3:58 pm
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Tesla's shares are trading lower following Goldman Sachs' downward revision of its EPS estimates for 2023 and 2024, primarily due to lower ASPs.
Goldman Sachs, a major financial institution, has lowered its EPS estimates for Tesla for the years 2023 and 2024. This is primarily due to lower average selling prices (ASPs). As a result, investors may be losing confidence in Tesla's future profitability, leading to a decrease in the company's share price.
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