Multiple banks reduce price targets and delivery estimates for TSLA due to Musk's divided attention

From Yahoo Finance: 2025-03-31 11:45:00

Stifel and Deutsche Bank have both reduced their price targets on Tesla (TSLA) stock and cut delivery estimates. Stifel lowered its target to $455 from $474 but kept a Buy rating. Deutsche Bank slashed its target to $345 from $420 due to lowered delivery forecasts, as reported by Schwab Network.

Stifel also decreased its delivery estimates for TSLA, citing reduced favorability of Musk among Democrats. This trend may make it harder for the automaker to sell its EVs in the future. Deutsche Bank made a sharper cut to its price target, reducing it to $345 from $420 after lowering its delivery forecast for Tesla.

Analysts are concerned about Musk’s divided attention between Tesla and his work in Washington. Schwab Network noted a significant drop in Tesla’s deliveries in China and Europe. While Tesla shows investment potential, some AI stocks may offer higher returns in a shorter timeframe, according to Schwab Network.

Read more: Multiple Banks Cut Their Price Targets on TSLA Stock