Elon, please, don't go into politics!
Sales Plummet
Tesla's stock has dropped more than 34% year-to-date, primarily due to significant declines in sales in several key markets. In Germany, sales plummeted 71%, in Norway 45%, in France and Spain both fell 44%, and in China, they dropped 50%.
Several analysts predict that first-quarter deliveries will decline by 4%, but I think it will be much more, given the poor performance in both the European and Chinese markets. The first quarter should see a significant drop.
When to buy the dip?
Baird analyst Ben Kallo has lowered Tesla's target price from $440 to $370, attributing the short-term pressure to production delays and CEO Elon Musk's increasing involvement in government affairs. However, Baird remains optimistic about Tesla's long-term prospects, noting that the upcoming Model Y facelift could slow deliveries and impact revenue.
Elon, don't go into politics, shareholders are suffering!
If the stock price returns to 250, I'll increase my position!
$Tesla(TSLA.US)
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