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Tesla (TSLA) PT Lowered to $1,050 at Jefferies, 'When it rains, it pours'
May 26, 2022 3:17 AM EDTJefferies analyst Philippe Houchois lowered the price target on Tesla (NASDAQ: TSLA) to $1,050.00 (from $1,250.00) while maintaining a Buy rating.
The analyst comments "As visibility on China production starts to improve, we update FY estimates and take a prelim Q2 view. We cut FY volume 85k units, -5% to 1,415k (52% annual unit growth) mostly on c.30 day production loss, progressive return to work by June end and slow start in... More
