Tesla Downgraded: Is the Rally Over?
@JC888:
$Tesla Motors(TSLA)$ Does the above picture remind you of 1991 US movie “Thelma and Louise” ‘s last scene where the two women decided to drive off a cliff instead of being apprehended by the cops? It is definitely “death by choice”. The above picture also resembles the “deep shit” status Tesla is encountering now. Bad news - one after another! In March 2024 alone, four notable funds houses downgraded Tesla: (1) Citibank, Analyst, Itay Michaeli: On Wed, 27 Mar 2024, analyst lowered price target from $224 to $196. Rating: Neutral. Q1 Delivery: Revised down from 473,300 to 429,9000 EVs. This is a massive, short of 43,400 EVs. Will leave it to the fans to translate that into top line, bottom line and margin. Michae