FTSE 100: London closes in red and Wall Street struggles as surge cools off
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 14 2024
0mins
Source: Yahoo Finance
- European Stock Market Performance: FTSE 100 and European stocks closed lower due to Bank of England's inflation report, with the Stoxx 600 down 1%.
- US Stock Market Movement: US stocks declined as traders reacted to Federal Reserve's projection of one rate cut this year, with S&P 500, Nasdaq, and Dow Jones falling.
- Company News: Tesco boss faces scrutiny for a £10m pay packet, while Tesla's Musk celebrates approval of $56bn pay deal.
- Market Updates: Dollar, gold, and oil prices are up; French consumer inflation slightly higher than expected.
- Consumer Sentiment on Inflation: Survey shows improving sentiment towards inflation in the UK, with expectations of reduced costs and interest rate changes.
Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 449.360
Low
25.28
Averages
401.93
High
600.00
Current: 449.360
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
