Analysts slashed TSLA's target price to $135. OMG!
@JC888:
There is an English idiom that says… “When it rains, it pours”. I feel this describes what is transpiring at $Tesla Motors(TSLA)$ after it: Reported Q4 2023 profit & revenue miss. Provided a downbeat 2024 outlook on Wed, 24 Jan 2024 during earnings’ conference. Despite a +20% increase in vehicle volume, Q4 revenue grew by +1% only. This clearly indicates price cuts are not boosting revenue significantly. Tesla stock price is all over the place: On Thu, 25 Jan 2024 when trading resumed, it fell by -12.13%, marking the 4th straight quarter Tesla has suffered sharp one-day post-earnings-report selloffs. The chart illustrates: The performance of Tesla's stock (blue line) compared to the S&P 500 index (red line), over the past 7 days, following