Home » Tesla’s first-quarter financial report fell short of expectations and many institutions lowered its target price_Oriental Fortune Network

Tesla’s first-quarter financial report fell short of expectations and many institutions lowered its target price_Oriental Fortune Network

by admin
Tesla’s first-quarter financial report fell short of expectations and many institutions lowered its target price_Oriental Fortune Network

Several major financial institutions have recently lowered their target price for Tesla, following the electric vehicle maker’s first-quarter financial report that fell short of market expectations.

Mizuho, UBS, Truist Securities, and Canaccord Genuity all announced reductions in their target price for Tesla. Mizuho lowered its target price from $195 to $180, UBS from $160 to $147, Truist Securities from $176 to $162, and Canaccord Genuity from $234 to $222.

Tesla released its first-quarter financial report on April 23, revealing a revenue of $21.3 billion, an operating profit of $1.17 billion, and adjusted earnings per share of $0.45. These figures were below market expectations, prompting the institutions to revise their target prices downward.

Investors and analysts will be closely monitoring Tesla’s performance in the coming quarters to see if the company can regain momentum and meet market expectations.

The original article was published by China Business News and reiterates that the information provided is for informational purposes only and does not constitute investment advice. Readers are advised to exercise caution when making investment decisions.

See also  ATH-WS660BT ARK "Tomorrow's Ark" Custom Edition-Lichuang Ruihe_ Unit

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy