Analysts Cut Tesla Price Targets Amid Growth Concerns
Analysts Cut Tesla Price Targets Amid Growth Concerns

Analysts Cut Tesla Price Targets Amid Growth Concerns

News summary

Tesla's stock price targets have been recently slashed by multiple analysts amid concerns over its fundamentals and CEO Elon Musk's political involvement. Barclays cut its price target for Tesla by 15% to $275, citing doubts about the company's ability to meet 2025 growth targets and the potential negative impact of Musk's association with the Trump Administration on Tesla's brand. GLJ Research took an even more bearish stance, lowering its year-end price target to $19.05 and predicting significantly lower-than-consensus revenue and earnings for both the upcoming quarter and fiscal year 2025. While some analysts, such as Dan Ives of Wedbush, urge Musk to focus on his CEO role to avoid long-term brand damage, others like Cathie Wood remain optimistic due to Tesla's strategic advantages, including its U.S.-based supply chain. The analyst community remains divided, with consensus recommendations largely holding steady at 'Hold' but with a wide range of price targets reflecting ongoing uncertainty about Tesla's future performance.

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