Tesla shares fall as analysts cut price target on production, political risks
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Tesla shares dropped over 6% after Baird analysts reduced their price target from $440 to $370, citing production delays and political risks affecting the company's near-term performance.
March 06, 2025 | 8:45 pm
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Tesla's stock price fell over 6% following a price target cut by Baird analysts from $440 to $370. The reduction is due to production delays with the Model Y refresh and political risks, which may impact Tesla's first quarter vehicle deliveries.
The price target cut by Baird analysts is significant as it reflects concerns over Tesla's production capabilities and external political factors. These issues are likely to affect investor sentiment negatively, leading to a short-term decline in Tesla's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100