HSBC cuts Tesla's price target to $130 due to aging products and China pressure

From Yahoo Finance: 2025-03-30 12:24:00

OpenAI is accelerating its transition to a for-profit company by the end of the year to secure a $40 billion funding round led by SoftBank. Failure to do so could result in receiving only $20 billion. The company aims to triple its revenue to $12.7 billion by 2025, with cash flow not expected to turn positive until 2029. OpenAI’s valuation could reach $300 billion with the funding, used in part for the Stargate AI infrastructure project. HSBC has cut Tesla’s price target to $130 due to aging products and China market pressure, ranking 6th in AI stocks this week.



Read more at Yahoo Finance: HSBC Cuts Tesla (TSLA) Price Target, Citing Aging Products and China Pressure