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First statement sums this guy up.

Bernstein Cuts Tesla Price Target to $120 From $150

Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.“Despite the stock’s underperformance YTD, we struggle to see a cata

Bernstein Cuts Tesla Price Target to $120 From $150

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The new forecast implies downside of 30% over the next 12 months.“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.“Despite the stock’s underperformance YTD, we struggle to see a cata","content":"<html><head></head><body><p>Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.</p><p style=\"text-align: start;\">“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.</p><p style=\"text-align: start;\">“Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote.</p><p style=\"text-align: start;\">Tesla has lost 30.5% in 2024, making it the worst-performing S&amp;P 500 stock. 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The new forecast implies downside of 30% over the next 12 months.</p><p style=\"text-align: start;\">“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.</p><p style=\"text-align: start;\">“Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote.</p><p style=\"text-align: start;\">Tesla has lost 30.5% in 2024, making it the worst-performing S&amp;P 500 stock. To be sure, shares were up more than 3% in the premarket.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177077708","content_text":"Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months.“Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates.“Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote.Tesla has lost 30.5% in 2024, making it the worst-performing S&P 500 stock. To be sure, shares were up more than 3% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":179,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":28,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}