Tesla (NASDAQ: TSLA) saw its price target slashed by 22% at Bank of America, with analysts lowering their outlook from $490 to $380. The downgrade reflects growing concerns over potential tariff risks that could impact Tesla’s supply chain and sales, particularly as trade tensions between the U.S. and key international markets escalate. Analysts cited uncertainty surrounding electric vehicle demand and higher production costs as additional headwinds for the automaker.
As of the latest trading session, Tesla shares traded at $268.47, down 5.7% on the day. The stock has fluctuated between an intraday high of $285.86 and a low of $262.00.
To view the full article, visit https://nnw.fm/ykAmi
About Tesla Inc.
Tesla Inc. is a multinational automotive and energy company focused on electric vehicles, battery storage, and renewable energy solutions. Founded in 2003, Tesla aims to accelerate the global transition to sustainable energy through its range of electric cars, solar products, and battery storage systems. The company is headquartered in Austin, Texas.
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
Austin, Texas
www.NetworkNewsWire.com
512.354.7000 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is powered by IBN
