Tesla Stock: Really Worse Than BYD!

To die Tesla Drive is on everyone’s lips after the publication of the latest figures, because the group has reported a drop in profits. However, Elon Musk continues to look positively into the future. The focus is now on the introduction of the new models and the delivery of the autonomous robot axis on August 8. This was enough to satisfy the shareholders.

That should have been taken care of first!

Analysts had to deal with Tesla’s new figures first. Most of the evaluations from the leading analyst firms were presented later. However, just a few hours ago, two experts contacted the market again with an update on the current situation. Therefore, DZ Bank left the rating at “Sell”, but reduced the price target from $170 to $140. According to analyst Matthias Volkert, Tesla’s key figures were worse than expected.

Tesla stock chart

Challenges would continue to exist. The main reason here is the range of current models and the emerging competition in China. But according to the expert, the current weak demand also represents a challenge for the coming quarters. Accordingly, the stock price reaction seems exaggerated, at least in the analyst’s opinion.

Compared to BYD, there was no success here!

Meanwhile, the American analyst firm Bernstein Research is more optimistic about Tesla’s future. Responsible analyst Toni Sacconaghi also left the rating at “Outperform”. The price target was reaffirmed at $120. However, he is of the opinion that the electric car manufacturer performed within the framework of low expectations. However, compared to its Chinese competitor BYD, Tesla has not yet been able to report any success in introducing new models based on existing production lines, according to the expert.