"Analysts Slash Tesla Stock Price Targets Amid Concerns Over Profitability and Sales Decline"

Wall Street analysts are cutting their price targets on Tesla's stock, with Piper Sandler and Jefferies reducing their price targets to $205 and $165, respectively, and also lowering their annual sales expectations for the EV maker. Bank of America also slashed its price target on Tesla shares. Analysts are expressing concerns about declining sales and criticizing Elon Musk's focus on new initiatives like Robotaxi as a distraction from underlying sales trends. Despite the near-term challenges, some analysts remain confident in Tesla's ability to overcome demand issues by 2026.