tl;dr
Deutsche Bank downgraded Tesla (NASDAQ:TSLA) from Buy to Hold due to potential delays in Model 2 launch and strategic shift to Robotaxi business. Analyst Emmanuel Rosner warned of the risk of no new vehicle in Tesla’s consumer lineup, leading to downward pressure on volume and pricing. The shift in ...
Deutsche Bank downgraded Tesla (NASDAQ:TSLA) from Buy to Hold due to potential delays in Model 2 launch and strategic shift to Robotaxi business. Analyst Emmanuel Rosner warned of the risk of no new vehicle in Tesla’s consumer lineup, leading to downward pressure on volume and pricing. The shift in strategy is seen as thesis-changing, raising concerns about a potentially painful ownership base transition. Deutsche Bank lowered Tesla's price target to $123 from $189, citing reduced expectations for deliveries, revenue, and EPS. Tesla's Q1 earnings report is expected on April 23, with options trading indicating a 10% swing in TSLA's share price. In premarket trading, Tesla's shares fell by 2.07% to $152.22, nearing the 52-week low of $152.37.
More about Tesla Inc
Tesla Inc Summary
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services.
In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Manufacturing Statistics
Industry: Motor Vehicles & Passenger Car Bodies
Revenue: $36.54 billion
Dividend Yield: None
P/E Ratio: 4.3
Market Cap: $967.73 billion
Stock Price: $186.34
Earnings per Share: $1.115
EPS Growth: 0.035
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