Tesla price target lowered to $351 from $360 at Truist
TipRanks
Sat, January 4, 2025 at 7:30 AM EST 1 min read
2
In This Article:
TSLA
+8.22%
https://www.tipranks.com/news/the-fly/tesla-price-target-lowered-to-351-from-360-at-truist-2
Truist analyst William Stein lowered the firm’s price target on Tesla (TSLA) to $351 from $360 and keeps a Hold rating on the shares. The firm cites the company’s Q4 delivery and production figures coming in below consensus estimates and its own projections while also reflecting inventory burn with a lower production figure, the analyst tells investors in a research note. Truist’s pricing data also suggests that average sales prices for Tesla were down 0.5% sequentially, and the firm believes that prices will continue facing downward pressure as the company will continue to flex pricing to stimulate demand.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings