Analysis: Why Tesla stock is under severe pressure after new analyst comments and reports from the Wall Street Journal

Analysis: Why Tesla stock is under severe pressure after new analyst comments and reports from the Wall Street Journal

According to a report by www.wallstreet-online.de,
Tesla shares fell 3.65 percent at the start of the week due to several factors. On the one hand, SAP announced that it would no longer purchase electric vehicles from Tesla due to delivery delays and price fluctuations. Additionally, Piper Sandler's reduction of its price target from $295 to $225 weighed on the stock. Piper Sandler expects deliveries of 1.93 million vehicles this year, well below the long-term annual target set by Musk.

This development could have a significant impact on the market and the financial industry. SAP's announcement that it will no longer purchase electric vehicles from Tesla could have a negative impact on the company's sales and revenue. Piper Sandler's lowering of its price target could affect investor confidence in Tesla's future growth and lead to a decline in its stock price.

It will be important to monitor further developments and analyze how these factors may affect Tesla's financial condition, market position and long-term growth prospects. Investors and financial professionals should keep an eye on these developments and adapt their investment strategies accordingly.