Analysts revise Tesla stock price targets after earnings

In the first quarter, Tesla’s (NASDAQ: TSLA) shares dropped by over 40% due to growth challenges. Analysts have lowered their expectations for Q1 earnings. Tesla faced significant hurdles in the first quarter, including fierce competition from Chinese rivals and decreased consumer demand, leading to a sharp decline in its stock value. Price reductions in late 2023 further squeezed profit margins, and revenue growth slowed. As anticipated, Tesla’s fiscal 2024 first-quarter earnings have suffered a significan ...