'Should Have Sold Our Entire $TSLA Position,' Says Fund Manager, Following EV Giant's Coordinated Global Price Cuts Over Weekend from bps global news Watch Video
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⏲ Duration: 1:3 👁 View: 1.8M times ✓ Published: 22-Apr-2024
Description: Black said he cut his Tesla earnings estimate and price target to reflect the weekend EV price cuts in the U.S. and China.<br/><br/>The analyst estimates a revenue impact of $2.7 billion per year and 60 cents per share in earnings from price cuts across the world.