Currency
Tesla, Dollar Tree, Williams-Sonoma, Nvidia, Carnival, and More Stock Movers
fell 4.5% to $169.50 after
cut its recommendation on shares of the electric-vehicle maker to Underweight from Equal Weight and reduced the stock’s price target to $125 from $200.
“ain’t looking so magnificent,” wrote Wells Fargo analyst Colin Langan. “We expect volume to disappoint as price cuts are having a diminishing impact on demand. Lower deliveries and [vehicle] price drive our 2024 earnings per share [estimate] 32% below consensus.”
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