Tesla’s shares moved higher in early Thursday’s trading, but remained in a slump over a weeks-long downturn, as top Wall Street analysts show that recent bearish moves believe this to the world’s largest electric It’s still a compelling recent story for automakers.
Tesla ((TSLA) Stocks have remained firmly in red since early January, with stocks falling more than 11.3% since their peak since mid-December, as investors have fewer patients, and CEO Elon Musk ( Elon Musk’s continued expansion in the Trump administration, with automakers releasing it’s down for the first time ever.
The group’s fourth-quarter revenue also raised a wake-up call from investors as profit margins shrank demand for electric vehicles and narrowed global price wars while sales missed forecasts, and Tesla failed to provide strong delivery guidance in the coming year.
However, Musk’s call in a conference call with investors was optimistic and reiterated plans to launch a low-cost electric vehicle later this year and to bring the first fully autonomous Tesla car by this spring Included on the road.
“Very few people understand the value of autonomous driving and our ability to profit through fleets,” Musk said. “I’ve said some of these things that I’ve said for a long time, and I know people have said, ‘Okay, Elon , the boy who cried the wolf. ‘But I tell you, there is a damn wolf this time, you can drive.”
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Tesla also said it expects its auto business to grow again, although Musk did not repeat his earlier estimate of the currency to grow by 20% to 25%.
But since then, delivery data from China, Germany and the United States have shown at least some brand erosion from Musk’s growing political stance, and his recent attempt to buy Chatgpt Creator Openai for $97.4 billion has added additional complexity, and Possibly distracting. , within his responsibilities.
Musk’s “balanced behavior”
But in a note published late Wednesday, Wedbush analyst Dan Ives pointed out that Musk’s close ties with the Trump administration and the changing regulatory landscape will “for the federal autonomy roadmap,” Wedbush analyst Dan Ives said in a note later Wednesday. Lay the foundation Tesla will be in the next few years”.
Ives reiterated his “outperform” rating and a $550 price target. Doge and AI take over the job.
Related: Analysts reset Tesla stock forecasts as Musk targets OpenAi
“Musk has been able to balance his numerous initiatives better than any other CEO we’ve ever seen, despite his skepticism about Musk’s teachings balancing behavior, Tesla’s innovation and Technology machines are actually still accelerating the future of autonomy and robots.”
However, analysts do point out that the prospect of a trade-trade war between Washington and Beijing could add new uncertainty to off-the-scenes stocks, especially given its weakness in the world’s largest electric vehicle market.
China’s Weaknesses
Tesla’s Chinese sales fell to 63,2389 units last month, down 11.5% from last year, while domestic rival Byd rose 47.5% to 296,446 units.
“While some of Tesla’s raised Chinese tariffs are surrounded by silver linings, there is concern that Beijing’s retaliatory policies will subsequently trigger a trade war and create geopoliticality for Tesla in this major Chinese market,” Ives said. Political headwinds.”
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“So far, China is a key market for Tesla, and we expect Tesla and Apple to have some carvings on Chinese tariffs, and we also hope Musk will be in the Trump White House and Trump White House and he will be in large quantities in 2025 Participate in China’s tariff discussions.”
The final stock of Tesla shares rose 2.45%, indicating that each person’s opening price was $344.79.
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