"Tesla and EV Giants Downgraded Amidst Slowing Demand and Stock Decline"
TL;DR Summary
Tesla was downgraded by Mizuho on expectations of slowing EV demand, with the firm predicting challenges for the industry into 2025. Morgan Stanley's Adam Jonas compared Tesla to Toyota, attributing Toyota's stock gains to changing global auto consumer tastes. Tesla's stock performance has been declining, with production cuts in China and potential delivery misses in Q1 2024. Analyst consensus expects Tesla's 2024 earnings to be lower than 2023's, signaling another year of earnings declines.
- Tesla Downgraded. Bull Explains Why Toyota Is Besting EV Giant. Investor's Business Daily
- Tesla Stock Gets Cut Again. Why Wall Street Suddenly Hates the Stock. Barron's
- Tesla, Nio and Rivian all downgraded on slowing EV demand, pricing pressures MarketWatch
- EV storm clouds: Tesla, Rivian and Nio are all downgraded at Mizuho Seeking Alpha
- Tesla Stock Is Falling. Here's the Latest EV News. MSN
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