Tesla Price Target Lowered to $290: Key Insights and FAQs

TLDRJP Morgan has lowered Tesla's price target to $290, citing concerns about margins in Q3 and the possibility of sideways trading. The UAW strike is estimated to cost GM and Ford over $500 million each. Tesla has cut prices multiple times this year, making it a good time to buy. Key Insights: 1. Lowered Price Target 2. UAW Strike Impact 3. Tesla's Pricing Strategy. FAQs: 1. Why did JP Morgan lower the price target? 2. How much will the UAW strike cost automakers? 3. Should I buy Tesla now?

Key insights

📉JP Morgan has lowered Tesla's price target to $290.

💰The UAW strike is estimated to cost GM and Ford over $500 million each.

💲Tesla has cut prices multiple times this year, making it a good time to buy.

Q&A

Why did JP Morgan lower the price target?

—JP Morgan lowered the price target due to concerns about margins in Q3 and the possibility of sideways trading.

How much will the UAW strike cost automakers?

—The UAW strike is estimated to cost GM and Ford over $500 million each.

Should I buy Tesla now?

—Tesla's multiple price cuts this year make it a good time to buy, especially considering the current deals and options available.

Timestamped Summary

00:00JP Morgan lowers Tesla's price target to $290.

01:32UAW strike estimated to cost GM and Ford over $500 million each.

03:10Tesla has cut prices multiple times this year.

Browse more