Tesla shares slip another 4%: what's going on?
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Tesla shares dropped by over 4% in pre-market trading after UBS analysts lowered their price target from $259 to $225, maintaining a 'sell' rating.
March 10, 2025 | 1:30 pm
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UBS analysts have reduced their price target for Tesla from $259 to $225, maintaining a 'sell' rating. This has led to a more than 4% drop in Tesla's stock price in pre-market trading.
The reduction in the price target by UBS and the maintenance of a 'sell' rating are negative signals for investors, leading to a decline in Tesla's stock price. The market often reacts to analyst ratings and price target changes, especially from reputable firms like UBS.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100