Reply To: Tesla Used Cars the Last Domino to Fall in Stock and Branding Rout

#50629
TradersCom
Keymaster

JP Morgan advising an Underweight rating on the stock. The bank’s analysts trimmed their price target to $125 from a prior $150 on the back of the Q4 delivery figures.

“Although both technology and execution risk seem substantially less than was once feared, expansion into higher volume segments with lower price points seems fraught with greater risk relative to demand, execution, and competition,” the team explained. “Meanwhile, valuation appears to be pricing in upside related to expansion into mass-market segments well beyond our volume forecasts for the Model 3.”