Tesla Robotaxi Reveal Falls Flat Amid Lack Of Clarity, Shifting Focus Back On Elon Musk-Led EV Giant's 'Under Pressure' Auto Business: Analysts Warn Of 'Subdued Growth' For 2 Years
Portfolio Pulse from Benzinga Neuro
Tesla's recent robotaxi reveal has disappointed investors, leading to concerns about the company's growth prospects. Jefferies raised Tesla's price target but maintained a Neutral rating, citing subdued growth due to aging models and delivery challenges. Tesla's stock has been under pressure, with a recent decline following the robotaxi reveal.
October 22, 2024 | 7:13 am
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Tesla's robotaxi reveal has not impressed investors, leading to concerns about growth. Jefferies raised the price target to $195 but maintained a Neutral rating, citing subdued growth due to aging models and delivery challenges. Tesla's stock has been under pressure, with a recent decline following the robotaxi reveal.
The lack of clarity in Tesla's robotaxi reveal has shifted focus back to its core auto business, which is facing challenges like aging models and slowing deliveries. Jefferies' Neutral rating and warning of subdued growth indicate potential short-term negative impact on Tesla's stock price.
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