Redburn Atlantic recommended on Tuesday that investors sell their Tesla shares, because the research firm is expecting another year of drop in volume and treasury flows. “Our difficult benefits of profits incorporate the opposite winds of electric vehicle prices (EV), Mexico City and China-Europe prices,” the Redburn analyst, analyst Adrian Yanoshik told customers. Redburn estimates for Tesla's benefits and cash flows available this year are 10% below Wall Street consensus while the company is more likely, Yanoshik said. “We note even more risks for demotations associated with a possible cancellation of clean vehicle credits for the reduction of American inflation (IRA),” said the analyst. TSLA YTD Mountain Tesla Stock Performance Redburn has a stock market price target for Tesla of $ 160, which suggests about 44% of Monday closing prices of $ 285.88 per share. The Tesla action has dropped by around 30% so far this year. “Although aimed at invigorating sales, we consider only a modest net volume uprising of the Y model (which started deliveries in March) and the Tesla lower price model that the company has not yet revealed, planned for a launch of June,” said Yanoshik.
Redburn tells investors to sell Tesla while the manufacturer EV faces difficult perspectives
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