Citi: Keeps Their "Sell" Rating on Tesla (TSLA.US) with $159 Price Target

智通财经网2021-04-27

Zhitong Finance APP learned that on Tuesday,CitigroupAnalyst Itay Michaeli maintainedTesla(TSLA.US) has a "sell" rating and a $159 price target.

Michaeli said Tesla's first-quarter earnings were "mixed," in which gross profit margin and free cash flow from vehicle sales exceeded market expectations, but operating profit fell short of expectations, mainly due to higher operating expenses. His full-year expectations for Tesla are in line with the market, although he noted that Model S/X sales are expected to decline.

He said that Tesla's reported results were lower than market expectations, and then the share price fell after hours, which was an expected negative market reaction, meaning that the market may think Tesla's performance was "unsatisfactory".

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Comments

  • 敏敏猪__
    2021-04-28
    敏敏猪__
    想跌到159好上車吧，休想騙我[得意] 
  • 17481feb
    2021-04-28
    17481feb
    。。。不要搞笑好不好
  • 屁屁鬼
    2021-04-27
    屁屁鬼
    I have low trust in bank analyst target. Biased.
    • keaty: 
      never listen too much. they just advertising, behind we don't who pay for that ads. this is the game all the while. if so easy to make money why bother to tell us . just go make that money themselves.
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