Tesla Inc (NASDAQ:TSLA) shares fell more than 6% after Baird analysts lowered their price target for the electric vehicle maker to $370 from $440 citing several near-term challenges. The analysts highlighted potential risks in Tesla's first quarter vehicle deliveries report amid production delays with the Model Y refresh.
One of the largest teachers unions in the U.S. is concerned about the falling price of Tesla Inc TSLA stock as many teachers and retirees watch their investment in the electric vehicle giant plummet in value.
LAWRENCEVILLE, NJ — Elon Musk’s involvement in the current Trump administration and his policies at the Department of Government Efficiency or DOGE has drawn much public ire. A Middlesex County group is planning to join the nationwide protest against Musk. Invisible Cranbury, which describes itself as a “patriotic political group,” will host a "Tesla Takedown Rally" against Musk and DOGE on Saturday at 2 p.m. The rally will be held outside the Tesla Dealership at 3371 Brunswick Pike #100, Lawrenceville. The group says that Musk has been “sowing chaos” through the government with his actions and they aim to hurt his business. “Musk and his cronies at DOGE have taken control of the Treasury and other departments with no governmental authority, with illegal access to private data on all citizens and companies, and are gutting our essential infrastructure. He is a menace and must be stopped,” said Laura Zurfluh, founder of Indivisible Cranbury. Through his leadership in the newly-formed DOGE, Musk and his team have gained access to several agency systems. According to critics, this is an overreach by an unelected individual. They also have concerns about possible conflict of interest if Musk leverages his post to secure lucrative contracts to his own companies. “What's different about Elon Musk is he is acting as a part of the administration but he is untouchable. He is unelected, so voters cannot beat him at the ballot box. He has no official role, so he has no boss or no way to be censured for his misbehavior,” Zurfluh said. “As David Farenthold pointed out in the NYT, he has made errors in the billions of dollars. How can we hold him accountable?” Invisible Cranbury says the “Tesla Takedowns” are a way to make him answer for his errors. “By hurting him financially, he may take note and stop his destruction of our government and our democracy,” Zurfluh said. With protests growing across the country, many Tesla owners have had to feel the heat as well. According to several media reports, Tesla vehicles and charging stations are being vandalized. Many owners are even selling their vehicles as they feel “buyer’s remorse” given Musk’s recent antics. According to Zurfluh, the local protest is a way to create publicity of Musk’s actions. “People not tuning in right now will see the protest and start to pay attention to what's happening,” she said. The group said their last protest, held on Feb. 23, saw over 200 demonstrators show up. Have a correction or a news tip? Email [email protected]
Tesla investors voted with their feet as the stock plummeted into a bear market down 45% from its 2024 highs through its recent lows. Elon Musk's growing influence in the Trump administration has created uncertainties, impacting Tesla's brand and investor sentiment in key markets. Despite the setbacks, Tesla's valuation has normalized, and its long-term growth prospects in autonomous driving and robotics remain appealing.
Over the past few years, a collection of technology stocks, i.e.
Tesla's current market valuation assumes perfect execution of strategic plans, creating significant risks. I rate Tesla shares a "Hold" with a target price of $235. Despite aggressive scaling and innovations, Tesla faces challenges like slowing demand, price competition, regulatory barriers, and high dependence on Elon Musk's decisions. Tesla's financials show modest revenue growth and declining margins due to price cuts and increased competition, but strong cash reserves and technological leadership remain strengths.
Baird analyst Ben Kallo believes Tesla stock is headed lower and soon. He felt the same way early in 2024—and he was right.
Tesla stock (NASDAQ: TSLA) has been in a state of free fall for the last 30 days.
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Baird analysts are concerned that Wall Street is far too optimistic over Tesla's first-quarter delivery numbers.
Tesla Inc (NASDAQ:TSLA)is set to build a massive battery storage facility near Houston, Texas, after securing a tax abatement deal with Waller County, according to reports from the US. The one-million-square-foot site near Katy will be dedicated to manufacturing and managing Tesla's Megapack energy products.
Tesla is going to build a new megafactory near Houston to operate a battery storage facility, Electrek reported on Wednesday, citing a tax abatement agreement with Waller County in Texas.