AI
Saturday, November 15, 2025 5:19:50 PM
Wells Fargo Reaffirms Underweight on Tesla Amid Sharp-Delivery-Declines
Demand headwinds and rising competition seem to be weighing on its outlook, as evidenced by the subdued price targets and cautious ratings from many analysts in recent weeks.
Among the analysts who foresee a sharp downside in Tesla shares is Wells Fargo’s Colin Langan, who reaffirmed his Underweight rating and $120 price target on November 10, as reported by TheFly. Langan’s analysis suggests that deliveries are seeing a “widespread weakness” across the U.S., EU, South Korea, and China, the four markets he tracks. The trends are relatively better in the U.S. than in other markets. He emphasized that October deliveries are down roughly 23% year-over-year and 54% month-over-month, with year-to-date volumes lower by about 9%.
https://www.msn.com/en-us/money/companies/wells-fargo-reaffirms-underweight-on-tesla-tsla-amid-sharp-delivery-declines/ar-AA1QtEyk
Demand headwinds and rising competition seem to be weighing on its outlook, as evidenced by the subdued price targets and cautious ratings from many analysts in recent weeks.
Among the analysts who foresee a sharp downside in Tesla shares is Wells Fargo’s Colin Langan, who reaffirmed his Underweight rating and $120 price target on November 10, as reported by TheFly. Langan’s analysis suggests that deliveries are seeing a “widespread weakness” across the U.S., EU, South Korea, and China, the four markets he tracks. The trends are relatively better in the U.S. than in other markets. He emphasized that October deliveries are down roughly 23% year-over-year and 54% month-over-month, with year-to-date volumes lower by about 9%.
https://www.msn.com/en-us/money/companies/wells-fargo-reaffirms-underweight-on-tesla-tsla-amid-sharp-delivery-declines/ar-AA1QtEyk
Bearish
Fortes Fortuna Juvat
