Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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 18:03

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.

0

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!