Tesla CEO Elon Musk Blamed for US EV Rollback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Investor Perspective: Ross Gerber, co-founder of Gerber Kawasaki, believes that Tesla CEO Elon Musk is partially responsible for the slowdown in the U.S. EV transition, reflecting widespread public dissatisfaction that could impact investor confidence.
- Policy Impact: Musk's close ties with Trump raise concerns as Trump's policies are seen as detrimental to EVs and clean energy, potentially diminishing Tesla's competitive edge in the market.
- Technological Advantage Warning: Gerber expressed concerns over Tesla's decision to offer Full Self-Driving technology only as a subscription service, warning that this could signal a fading technological advantage, affecting future market performance.
- Lithium Refinery Investment: Musk touted Tesla's new lithium refinery as the first of its kind in the U.S., expected to provide crucial materials for EV batteries and energy storage, although Tesla's stock saw a slight decline at market close, indicating cautious sentiment about its future growth.
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 384.14 USD with a low forecast of 19.05 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.
34 Analyst Rating
14 Buy
10 Hold
10 Sell
Hold
Current: 439.200
Low
19.05
Averages
384.14
High
600.00
Current: 439.200
Low
19.05
Averages
384.14
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.
