Tesla Stock Slides as Mizuho Trims Price Target on Weakening Demand
Key Takeaways
- Tesla shares dropped Monday as Mizuho analysts cut their price target and delivery forecasts for the automaker, pointing to weakening demand.
- The analysts suggested Tesla “significantly underperformed the market” in the U.S. and China last month, as well as in Europe.
- The stock has lost about half its value since setting an all-time high in December.
Tesla (TSLA) shares slid Monday as Mizuho analysts trimmed their price target for the stock, pointing to weakening demand and headwinds from China, amid tariff uncertainty.
Mizuho said it now expects Tesla to deliver 1.8 million vehicles this year and 2.3 million in 2026, down from previous estimates of 2.3 million and 2.9 million, respectively. The drop comes as…
