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Stockreport

Deutsche Bank report questioning Tesla's Robotaxi ambitions knocks $17 billion off EV maker's value [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The German banking giant published a briefing note Thursday airing serious concerns about Tesla's pivot to focusing on self-driving Robotaxi technology as reports swirl that it is planning to scrap a much-anticipated cheaper model. No new Teslas for the foreseeable “The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable future, which would put downward pressure on its volume and pricing for many more years," Deutsche Bank analyst Emmanuel Rosner wrote. The bank downgraded its rating of Tesla from “buy” to “hold,” and slashed its price target for the group from $189 to $123. Fortune has asked Deutsche Bank for comment. The report was enough to push Tesla shares down 3.55% Thursday, wiping about $17 billion from the carmaker's market capitalization. Elon Musk's problems at Tesla are piling up, exemplified by the $700 billion+ the carmaker has lost in value since November 2021. The EV market is going through a global do [Read more]

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Stockreport

Deutsche Bank report questioning Tesla's Robotaxi ambitions knocks $17 billion off EV maker's value [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The German banking giant published a briefing note Thursday airing serious concerns about Tesla's pivot to focusing on self-driving Robotaxi technology as reports swirl that it is planning to scrap a much-anticipated cheaper model. No new Teslas for the foreseeable “The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable future, which would put downward pressure on its volume and pricing for many more years," Deutsche Bank analyst Emmanuel Rosner wrote. The bank downgraded its rating of Tesla from “buy” to “hold,” and slashed its price target for the group from $189 to $123. Fortune has asked Deutsche Bank for comment. The report was enough to push Tesla shares down 3.55% Thursday, wiping about $17 billion from the carmaker's market capitalization. Elon Musk's problems at Tesla are piling up, exemplified by the $700 billion+ the carmaker has lost in value since November 2021. The EV market is going through a global do [Read more]

IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS