'Should Have Sold Our Entire $TSLA Position,' Says Fund Manager, Following EV Giant's Coordinated Global Price Cuts Over Weekend
- last month
Black said he cut his Tesla earnings estimate and price target to reflect the weekend EV price cuts in the U.S. and China.
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.
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.