Tesla's Q1 Sales and Their Impact on the Market
Although Tesla is a leader in the electric vehicle industry, first quarter sales could face a serious downturn for the company. Analysts say the company's stock percent 50 JP Morgan warns that Tesla could lose value. JP Morgan targets price for Tesla 120 dollars This situation is causing concern among investors and is negatively affecting Tesla's market performance.
Major Decline in Sales
As Tesla continues to struggle, JP Morgan says the company first quarter delivery forecast It lowered its forecast from 444 to 355 units. This remains well below previous estimates and the consensus expectation of 430 units. If these estimates come true, sales would be higher than last year. percent 8 will have fallen.
Especially in January and February, Tesla's sales figures in Norway percent 44,4, in Germany percent 70,6 This has decreased by . Similar declines are also seen in markets such as China and Australia, highlighting the challenges the company faces globally.
Musk’s Political Ties and the Rising Backlash
JP Morgan emphasizes that Elon Musk’s political engagements have negatively affected Tesla’s brand perception. Analysts say, “Musk's work at the State Department of Productivity has sparked controversy, and it's hurting Tesla sales" he says. The backlash against Tesla is not limited to sales figures. Protests in showrooms and vandalism at Supercharger stations are also on the rise.
Stock Value Loss Continues
Tesla shares on Monday percent 5 has fallen further, losing eight weeks in a row. According to Business Insider, the company's market value has fallen by about percent 49 has decreased. JP Morgan analyst Ryan Brinkman, "We are hard pressed to find a similar example in the history of the automotive industry where a brand has lost value so quickly.He made an assessment as follows.
Challenges and Increasing Competition in China
Tesla is also facing serious challenges in the Chinese market, where the company announced it would offer a free trial of its Full Self-Driving (FSD) software from March 17 to April 16. But that doesn’t allay concerns about the company’s long-term positioning vis-à-vis Chinese regulations and local competitors.
In the Chinese market, Tesla faces serious competition from advanced autonomous driving systems from brands such as BYD, Xpeng, and Xiaomi. In addition, China’s data privacy laws prevent Tesla from sending important data to the US. This has a negative impact on the company’s business strategies.
Mizuho’s Target Price Drop and Market Reaction
Mizuho analysts set Tesla's target price From $515 to $430 After this announcement, Tesla shares dropped percent 5 fell to close around $238. Mizuho says Tesla is struggling amid weakening demand in the U.S., China and Europe, and has cut the company’s 2024 delivery forecast to 2,3 million from 1,8 million.
Wedbush Securities analyst dan ives, "Tesla investors are losing patience as Musk fails to read the situation“ Tesla shares have lost about half of their value since their December high of $479,86. Analysts have an average target price of $318,22, while estimates range from $550 to $24,86.
As a result
Tesla’s challenges are not limited to sales figures alone. The company’s market perception is affected by many factors, including political ties and increasing competition. How investors respond to this situation will be one of the most important factors that will determine Tesla’s future performance.
