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Tesla's stock plunges as analysts forecast lower sales, cutting price targets and ratings.
Tesla's stock price has fallen sharply as Wall Street analysts lower sales forecasts.
UBS cut its price target to $225, citing a 26% drop in Q1 deliveries from the previous quarter and a weaker demand outlook.
The bank maintains a "Sell" rating on Tesla, predicting 2025 deliveries of 1.7 million units, down 5% from 2024.
Tesla's shares have dropped more than 41% this year, reducing its market value by over $700 billion.
6 weeks ago
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