

"However, we are more skeptical on the company’s full-self driving/autonomous vehicle (AV) approach, which we view as a critical input to the overall risk/reward assessment given our positive stance on the AV opportunity as a whole."īrian Sozzi is an editor-at-large and anchor at Yahoo Finance. The stock had rallied about 9. Shares of the EV maker fell more than 4 in pre-market trading on Friday amid fresh U.S. "We are constructive on Tesla’s strong global premium EV position and particularly the company’s improved execution in recent years," Michaeli stated. So much for that Tesla stock ( TSLA) bounce. The analyst cut his price target on Tesla to $140 from $176 but maintained a neutral rating. In a new note, Michaeli slashed his 2023 deliveries estimate to 40% growth from 53% previously.


REUTERS/Athit PerawongmethaĬiti analyst Itay Michaeli, meanwhile, took a more cautious stance on the company's upcoming earnings. Currency in USD Valuation Measures4 Yahoo Finance Plus required to access annual data Annual Quarterly Yahoo Finance Plus required. The stock outpaced the S&P 500s daily gain of 0.24. Members of media and guests surround the Tesla Model Y and Model 3 during Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. Tesla (TSLA) closed at 221.31 in the latest trading session, marking a +1.7 move from the prior day.
