From Nasdaq: 2024-04-05 06:41:00

Tesla’s first-quarter deliveries were disappointing, falling about 9% year over year and 20% sequentially, as analysts point to a significant inventory build-up. With underperform ratings and price targets slashed by analysts, Tesla’s premium valuation is at risk. The high-interest-rate environment is seen as a major factor behind the decline in car sales.

Investors may want to stay cautious as Tesla’s stock valuation remains high despite the sales decline. The current interest rate environment could be temporary, potentially boosting Tesla’s car sales in the future. However, uncertainty around when deliveries will pick up again suggests caution in investing in Tesla at its current valuation. JPMorgan Chase and Tesla are among the recommended stocks by analysts for investors to consider.



Read more at Nasdaq: These 2 Analysts Think Tesla Stock Could Fall Much Further