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Deutsche Bank Slashes Tesla Stock Price Target Over Lagging Robotaxi Progress

Deutsche Bank Slashes Tesla Stock Price Target Over Lagging Robotaxi Progress

Key Stats for Tesla Stock

  • Price change for Tesla stock in Last 1 Month: -25%
  • $TSLA Stock Price as of Jul. 27: $309
  • 52-Week High: $499
  • $TSLA Stock Price Target: $401

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What Happened?

Tesla (TSLA) stock just had its worst week since 2022. Shares fell 17% for the week and dropped as much as 16% over two days following last week’s Q2 earnings report. The single-session decline after earnings hit 14%, pushing Tesla stock down to an 11-month low.

Deutsche Bank added to the pressure on Monday. Analyst Edison Yu kept his buy rating but trimmed his price target from $465 to $420.

Even with the cut,…

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