Redburn Atlantic on Tuesday recommended investors sell Tesla stocks as researchers expect a further year of decline in volume and tense cash flow. “Our challenging revenue outlook incorporates electric vehicle (EV) pricing, headwinds from Mexico and European tariffs. According to Yanosic, Tesla’s revenue and free cash flow estimates this year are 10% below the Wall Street consensus. “We are aware of the further risks of downgrades related to the possibility of withdrawal of clean vehicle credits under the US Inflation Reduction Act (IRA),” analysts said. TSLA YTD Mountain Tesla Stock Performance Redburn has a $160 stock target for Tesla. Tesla stocks have fallen by about 30% so far this year. “We aim to reinvigorate sales, but we only consider Model Y’s refresh (delivery begins in March) and a modest pure volume uplift from Tesla’s lower-priced models.
Source link
