Barclays reduces Tesla stock target to $180 from $225, citing potential challenges and economic uncertainties.
Barclays reduces Tesla stock target to $180 from $225, citing potential challenges, electric vehicle demand slowdown, and economic uncertainties. The bank expects Tesla to miss Q1 expectations and highlights concerns about the company's focus shift from mass-market vehicles to autonomous driving. Barclays maintains its "Equal Weight" rating on Tesla, equivalent to a "Hold" in Wall Street terms.
April 17, 2024
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