Fund Manager Urges Selling Entire Tesla Stake After Global Price Cuts πŸš—

Black lowers Tesla earnings estimates and price targets following coordinated EV price reductions in the U.S. and China, raising questions about Tesla's short-term outlook.

Benzingaβ€’351 viewsβ€’1:03

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Black said he cut his Tesla earnings estimate and price target to reflect the weekend EV price cuts in the U.S. and China.

The analyst estimates a revenue impact of $2.7 billion per year and 60 cents per share in earnings from price cuts across the world.

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351

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Published
Apr 22, 2024

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