What's Going On With Tesla Stock?
Portfolio Pulse from Adam Eckert
Tesla Inc (NASDAQ:TSLA) shares are trading lower, continuing a decline after reporting weak vehicle deliveries for Q1, marking the company's first year-over-year decline since 2020. The decrease was attributed to production ramp issues, factory shutdowns due to the Red Sea conflict, and an arson attack at Gigafactory Berlin. Analysts have expressed concerns over Tesla's short-term outlook, with several lowering their price targets. Tesla is set to report Q1 financial results on April 23, with analysts expecting earnings of 60 cents per share on revenue of $24.067 billion.
April 03, 2024 | 1:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Tesla Inc shares are down following a report of weak Q1 vehicle deliveries, with analysts lowering price targets and expressing concerns over the short-term outlook.
The decline in Tesla's vehicle deliveries for Q1, attributed to production and factory issues, has led to a negative reaction from the market and analysts. Several analysts have lowered their price targets for Tesla, indicating a bearish outlook in the short term. This news, combined with the anticipation of Tesla's Q1 financial results, is likely to continue exerting downward pressure on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100