Tesla: Wild course development – Wells Fargo lowers price target

Tesla: Wild course development – Wells Fargo lowers price target


Shares of Tesla have been declining sharply since the beginning of April and today was seen as a red day for the founders of the electric car, before the paper market was down eight percent. However, losses were quickly realized in the bright market environment and stocks do not change daily.

Meanwhile, Wells Fargo has reduced its price for a car manufacturer to $ 900 from $ 960 and dropped the suspension proposal. The reason given by the bank was the possible decline in interest rates due to inflation. Tesla has so far approved a price increase even before the rise in raw material prices. However, once supply contracts are adjusted for immediate prices, inflation will reduce margins.

Inflation can undoubtedly curb the car manufacturer’s brink, but car demand is so high that Tesla could push further price increases. Tesla stocks continue to be beaten. How much paper is based on Nasdaq can be seen again today. With the opening of the business, daily losses were further reduced. Even if the founder of the electronic car is in a good position for a long time, the change in technical direction must first be achieved.



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