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Tesla (TSLA) stock is among Yahoo Finance's trending tickers after Baird analysts lowered their price target for the electric vehicle maker, citing weak sales data. The price cut comes amid uncertainty as Tesla CEO Elon Musk works with US President Donald Trump, doubling down on his vocal political stances.
Seana Smith and Madison Mills examine Tesla stock's recent decline and what Wall Street analysts have to say about the EV name.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Naomi Buchanan.
All right, let's take a look at Tesla. It's a top trending ticker here at Yahoo Finance. Our price target is actually cut from 440 down to 370 at Baird. That's one of the reasons why the stock is lower here this morning, the analysts citing weaker sales data in some of its key regions. Now, Baird also adding that the EV maker has a quote bearish fresh pick here. When it comes to, I guess, putting that in context, trying to figure out exactly what that means, we're going to have to talk to the analyst, Ben Calo, a little bit more about what exactly he means in terms of that positioning. But he does bring up a good point just in terms of the fact that the numbers that we are starting to see just how big of a risk or maybe this does pose a potential risk here to the Q1 delivery estimates.
Yeah, and it's interesting that he does note that production downtime with the Model Y, which is something that did weigh on their sales numbers coming out of Europe, coming out of Germany, that we have seen moving the stock in a negative direction here, and you can see the stock erasing their post-election gains that we had seen with Tesla, but it's still got a pretty bullish move on the street when it comes to analyst reaction. We've got over 30 buys, 15 holds, though. So a little bit of a holding holding pattern for Tesla. I do think it's interesting seeing the call out here from this analyst saying Musk's involvement with the Trump administration does add uncertainty to the demand side. They also added it to that bearish fresh pick, like you mentioned, Shauna. So it's interesting to kind of see the street getting on board with perhaps this question that's been coming from consumers, which is, do I want to own a Tesla if Elon Musk is, you know, going to be supported by that purchasing power decision? So, interesting to see if that does continue to weigh on the stock.
Certainly will be. All right, Maddie. Thanks.
