Tesla Inc. stock price and market performance

SOURCE www.marketwatch.com
Tesla Inc. shares are heading for their lowest in nearly a year after a known Tesla bull cut his price target on the stock and warned of potential losses based on GAAP accounting. EV demand is slowing despite price cuts and competition from hybrids.

Key Points

  • Known Tesla bull cuts price target on stock
  • Potential for loss this year based on GAAP accounting
  • EV demand slowing despite price cuts and competition from hybrids

Pros

  • Potential for reacceleration in revenue due to new Army award for Palantir

Cons

  • Tesla could post a loss this year based on GAAP accounting
  • EV demand is slowing despite repeated price cuts and competition from hybrids