Analysts said recent delivery data implies further price cuts may be needed.
Following Tesla 's delivery and production data, some Wall Street analysts were left wondering if the electric vehicle maker will need to make a habit out of slashing prices. The electric-vehicle maker reported 422,875 deliveries in the first quarter . While that marked a 36% increase over the same period a year ago, the company fell short of the 432,000 delivery consensus expected by analysts polled by FactSet. Meanwhile, 440,808 vehicles were produced in the quarter.
That places him in the majority, with more than half of analysts rating Tesla a buy, according to Refinitiv. Goldman Sachs analyst Mark Delaney, who also has a buy rating on the stock, said Tesla will likely have to cut prices over the course of the year to drive up volume given the broader economy remains challenged. Looking at the Y model specifically, he said the price could come to to $48,500 in the fourth quarter from $55,000 in the third quarter of 2022.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Wall Street Bonuses Continue to Soar Compared to Worker WagesFor more than a dozen years now, Wall Street and corporate lobbyists have blocked both financial executive pay restrictions and a federal minimum wage increase. This speaks volumes about who has influence in Washington — and who does not.
Les mer »
Wall Street Journal pulls Russia bureau chief after reporter arrested as spyThe Wall Street Journal pulled its Moscow-based bureau chief Friday, a day after a Russia correspondent was arrested and detained on espionage charges in Yekaterinburg.
Les mer »
Wall Street Bonuses Continue to Soar Compared to Worker Wages \u200bFor more than a dozen years now, Wall Street and corporate lobbyists have blocked both financial executive pay restrictions and a federal minimum wage increase. This speaks volumes about who has influence in Washington — and who does not.
Les mer »
Former Moscow correspondent predicts what awaits detained Wall Street Journal reporter in RussiaFormer NPR Moscow correspondent Lucian Kim weighs what Wall Street Journal reporter Evan Gershkovich could face having been charged with espionage in Russia.
Les mer »
How to invest as risk sparks a selloff: Wall Street strategists'Cracks in the foundation': 3 leading Wall Street strategists reveal the overlooked reason why stocks are on shaky ground right now — and how to invest with a downturn looming
Les mer »
Blinken, Lavrov hold call over detained Wall Street Journal reporterLavrov told Blinken that Evan Gershkovich's fate would be determined by a court.
Les mer »