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Tesla (TSLA) PT Lowered to $1,000 at Credit Suisse, 'A challenged quarter, but long-term bull thesis intact'

June 24, 2022 4:56 AM EDT

Credit Suisse analyst Dan Levy lowered the price target on Tesla (NASDAQ: TSLA) to $1,000.00 (from $1,125.00) while maintaining a Outperform rating.

The analyst comments "We expect Tesla 2Q22 deliveries of 242k vs. sell-side consensus of ~280k, largely driven by the Shanghai COVID shutdown. Moreover, given... More