Tesla falls 8% again: analysis indicates that it is still too early to escape late and find the bottom
$Tesla(TSLA.US$ Tesla fell 8% again to $137.80 on Tuesday (20th), breaking its low since November 2020, even though Elon Musk (Elon Musk) hinted that he would resign as Twitter CEO. On the same day, at least two sell-side analysts lowered Tesla's target price, and Evercore ISI analysts lowered Tesla's target price by $100 to $200, citing weak demand. Analysts wrote in a report: “Although we still believe Tesla has leading gross margin advantages due to global scale, vertical integration, and the US Inflation Reduction Act, we cannot ignore that investors are already well aware of these advantages, and now they must conduct ALSO battle tests on demand assumptions from 2023 to 2025.” Evercore ISI believes, “It's too late to sell in the short term, but it's also too early to buy.”
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