Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Wall Street investors' frustration with Tesla intensifies, may hit longest losing streak in 15 years this week

Wall Street investors' frustration with Tesla intensifies, may hit longest losing streak in 15 years this week

Bitget2025/03/10 18:01

According to CNBC, a growing number of Wall Street investors are disappointed in Tesla. Ahead of Tesla's April delivery report and first-quarter results, UBS and Redburn Atlantic reiterated their sell ratings on Tesla due to subdued Model Y delivery forecasts and a lack of near-term growth catalysts. UBS cut its price target on Tesla by $24 to $225, while Redburn was more pessimistic, with a $160 price target.Redburn analyst Adrian Yanoshik wrote, ‘We expect sales to stagnate this year without the upcoming new car.’ ‘So far, sluggish new-vehicle registration numbers could signal ongoing demand challenges. At the same time, we expect cash flow to be impacted by deliveries of the new Model Y model, which began in March, due to increased inventories. Possible U.S. tariffs on imports from Mexico add to the cost burden.’ At one point on Monday, Tesla shares tumbled more than 13 per cent, and have accumulated losses of more than 40 per cent so far this year. If the trend fails to reverse, the stock could fall for an eighth consecutive week after the U.S. election-induced surge, the company's longest (weekly) losing streak in 15 years.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Tether Treasury minted 1 billion USDT on the Ethereum blockchain about 3 minutes ago.
2
Bitget launches VIP Upgrade Program: Instantly enjoy VIP level +3 experience with a screenshot

Crypto prices

More
Bitcoin
Bitcoin
BTC
$112,468.04
+0.53%
Ethereum
Ethereum
ETH
$4,114.88
+2.88%
Tether USDt
Tether USDt
USDT
$1
-0.02%
BNB
BNB
BNB
$1,188.8
-1.68%
XRP
XRP
XRP
$2.5
+1.21%
Solana
Solana
SOL
$204.58
+4.52%
USDC
USDC
USDC
$0.9999
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2042
+2.67%
TRON
TRON
TRX
$0.3180
+1.68%
Cardano
Cardano
ADA
$0.7026
+2.95%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter