Negative: Tesla faces pressure in China with declining shipments, price target reduced, retail sentiment bearish.

From StockTwits: 2025-03-05 03:52:16

Tesla is facing pressure in China with a 49% decline in wholesale shipments for February. Bank of America Securities has reduced its price target on Tesla by over 22%, citing slowing growth and risks. The company’s automotive segment is now valued 9 times EV/EBITDA. Despite this, Tesla is offering free lifetime Supercharging for Cybertruck buyers and advertising financing and lease options for other models. Retail sentiment remains bearish, with concerns over Elon Musk’s distractions and incidents like Teslas being torched in France. Tesla’s shares are down over 30% year-to-date, with BYD Co. surpassing in the EV market in China.



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