Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Tesla Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Analysts are lowering expectations as Q4 sales miss targets, raising concerns about further declines.
After a turbulent year, signs are emerging that Tesla could experience further declines. Amid the Q4 sales slump and scrutiny over its “Actually Smart Summon” feature, analysts are lowering their expectations, with Bank of America shifting its stance from"Buy" to"Neutral."Tesla’s quarterly sales figures for Q4 2024 fell short of expectations, with the company selling 495,570 vehicles—well below the anticipated 512,250.
Another crucial development is the robotaxi service, which BofA analysts believe could be worth $800 billion globally. But not all the news is positive. A break below this level would open the door for further declines. However, if Tesla manages to rally above $420, it could signal a reversal and a potential breakout to higher levels.As Tesla grapples with these challenges, traders and investors should focus on key technical levels, particularly $360, for clues about the stock’s next move. The upcoming earnings report will be a crucial catalyst in shaping Tesla’s near-term direction.This article is written for informational purposes only.
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