Tesla (TSLA) Faces Declining European Sales and Price Target Cut

4 days ago

Tesla (TSLA, Financial) has seen its stock drop over 7%. Recent data from Statista highlights a significant decline in Tesla's European sales during the first quarter. Countries like Germany, Denmark, and Sweden experienced sales drops exceeding 50%, while sales in the Netherlands were nearly halved.

In related news, insiders suggest that Tesla might delay the launch of its affordable electric vehicle model in the U.S. market, with production possibly starting between the third quarter of 2025 and early 2026. Reflecting these developments, Barclays has lowered Tesla's price target from $325 to $275.

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