Zhitong Finance APP learned that on Tuesday, Citi analyst Itay Michaeli maintained a "sell" rating on Tesla (TSLA.US) with a target price of $159. Michaeli said that Tesla's first-quarter financial report was "mixed". Among them, the gross profit margin of car sales and free cash flow exceeded market expectations, but operating profit was lower than expected, mainly due to the increase in operating expenses. His full-year forecast for Tesla is in line with the market, but noted that Model S/X sales are expected to decline. He said Tesla's share price fell after hours after reporting results that fell short of market expectations, which was...
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