Fund Manager Urges Selling Entire Tesla Stake After Global Price Cuts π
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.
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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.
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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Published
Apr 22, 2024
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