Tesla Inc.'s shares dropped 6.07% after reporting disappointing Q2 financials, with revenues down 12%, EPS down 23%, and vehicle deliveries declining 14% year-over-year. The stock is down nearly 29% from its year-to-date high, having fallen more than 36% since its all-time high in December 2024. Analysts have adjusted their price targets: Goldman Sachs raised to $315, Benchmark to $475, UBS to $215, and Mizuho lowered to $375. Despite current bearish momentum, the downturn might offer a buying opportunity as competition in the EV sector increases.
Shares of Tesla Inc. lost 6.07% over the past five trading sessions due to poor Q2 financials, with revenues down 12% YoY and EPS down 23% YoY.
Despite recent challenges, analysts have raised price targets for Tesla, with Goldman Sachs increasing it to $315 while maintaining a 'Neutral' rating.
Tesla has faced significant stock declines, being down nearly 29% year-to-date and over 36% from its all-time high, amid increasing competition in the EV market.
The current downturn may present a potential buying opportunity for investors, despite the existing bearish sentiment around the stock.
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