Tesla’s stock falls
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Shares of Tesla (TSLA) dropped 5.42% on Thursday after the EV maker delivered 358,023 vehicles in Q1, missing Wall Street’s estimate of 370,000. Despite the miss, Wedbush’s five-star-rated analyst Dan Ives maintained his Buy rating and $600 price target on TSLA stock,
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Tesla (NASDAQ:TSLA) isn’t the only Mag Seven stock to think about buying after a brief plunge into bear market territory. With the AI trade coming back online over hopes that the war in Iran will be over in two or three weeks’ time,
Tesla has already had a rough run in 2026, but on Thursday, April 2, the stock had its worst session of the year after the company reported first-quarter deliveries that fell short of industry expectations.
While the company just revealed that first-quarter deliveries were up year over year, the update also raised some concerns.
Since January 2023, Tesla (TSLA) shareholders have eagerly snapped up the company's expensive shares, confident in the iconoclastic charisma of Elon Musk and the belief that Tesla's electric vehicles were the next "big thing.
The Pragmatic Investor’s James Foord explains why Tesla’s $20B CapEx plans and AI5 chip bet raise risks for TSLA, questioning whether a 200+ forward P/E is sustainable in 2026.
Tesla shares have fallen about 4% since the start of the Iran conflict, roughly in line with broader market declines, despite the surge in energy prices. Year to date, the stock is down around 14%, though it remains up 34% over the past 12 months.
Tesla (TSLA) stock just took a body blow after another underwhelming Q1 delivery report, but Dan Ives isn’t flinching. The veteran Wedbush analyst doubled down on his Buy rating for the stock, standing by a $600 price target,