Tesla's stock falls after earnings. Is Wall Street missing the big picture?
As Tesla shares fell in the wake of earnings, numerous analysts saw silver linings.
Source: marketwatch.com
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Elon Musk | Tesla joins General Motors, Ford in slowing EV factory ramp as demand fears spread
Elon Musk said he was worried that higher borrowing costs would prevent potential customers from affording its vehicles despite substantial price cuts, and that he would wait for clarity on the economy before ramping up its planned factory in Mexico
Source: telegraphindia.com
Tesla Stock Falls After Weak Earnings. What Wall Street Says.
Price cuts are responsible for the decline in Tesla's profitability.
Source: marketwatch.com
TESLA : RBC remains its Buy rating -October 19, 2023 at 12:51 pm EDT
RBC analyst Tom Narayan maintains his Buy rating on the stock. The target price differs slightly and is now set at USD 301 versus USD 305.
Source: marketscreener.com
tesla: Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread
Tesla, along with General Motors and Ford, has expressed caution about expanding electric vehicle (EV) production due to economic uncertainties and concerns about a slowdown in demand. CEO Elon Musk cited worries about higher borrowing costs affecting customers' ability to afford Tesla vehicles, despite significant price cuts. Musk also mentioned the impact of economic uncertainty on consumer purchasing decisions. These cautious remarks have led to a decline in Tesla's shares and those of other EV makers.
Source: indiatimes.com