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zh888
2021-06-29
Tesla go go!!
UBS cuts Tesla price target by roughly 10%, citing growing competition
zh888
2021-06-28
Nice!!! Up up up!!!
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","text":"Tesla go go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159235890","repostId":"1128100756","repostType":4,"repost":{"id":"1128100756","kind":"news","pubTimestamp":1624965411,"share":"https://www.laohu8.com/m/news/1128100756?lang=&edition=full","pubTime":"2021-06-29 19:16","market":"us","language":"en","title":"UBS cuts Tesla price target by roughly 10%, citing growing competition","url":"https://stock-news.laohu8.com/highlight/detail?id=1128100756","media":"CNBC","summary":"UBS cut its price target on Tesla by roughly 10%, citing growing pressure from competitors and opera","content":"<div>\n<p>UBS cut its price target on Tesla by roughly 10%, citing growing pressure from competitors and operational delays.\n“Our key concern shorter-term is that Tesla’s demand momentum in China is slowing, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/ubs-cuts-tesla-price-target-by-roughly-10percent-citing-growing-competition.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUBS cuts Tesla price target by roughly 10%, citing growing competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 19:16 GMT+8 <a href=https://www.cnbc.com/2021/06/29/ubs-cuts-tesla-price-target-by-roughly-10percent-citing-growing-competition.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UBS cut its price target on Tesla by roughly 10%, citing growing pressure from competitors and operational delays.\n“Our key concern shorter-term is that Tesla’s demand momentum in China is slowing, ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/ubs-cuts-tesla-price-target-by-roughly-10percent-citing-growing-competition.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/06/29/ubs-cuts-tesla-price-target-by-roughly-10percent-citing-growing-competition.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1128100756","content_text":"UBS cut its price target on Tesla by roughly 10%, citing growing pressure from competitors and operational delays.\n“Our key concern shorter-term is that Tesla’s demand momentum in China is slowing, and our checks on the ground suggest that [battery electric vehicles] from domestic brands are gaining further ground vs. Tesla, which may trigger additional pricing action by Tesla and consequently lower gross margins,” UBS’s Patrick Hummel said in a note released Monday.\nHummel maintained a neutral rating on the stock and reduced his price target on Tesla to $660 from $730. The new price target represents 4% downside to the stock’s closing price of $688.72 on Monday.\nThe average 12-month price target on Tesla is $689.72, according to FactSet.\nHummel’s price target cut comes days after a“soft recall” of autopilot software in more than 285,000 cars in China.\nUBS believes Tesla is still seen as the “undisputed EV leader” around the world. However, the firm notes that legacy manufacturers and Chinese brands are making progress.\n“Valuation-wise, the EV launches from competitors with high range, charging performance and attractive value-for-money, could continue to weigh on the value the market is willing to assign to Tesla’s long-term growth,” Hummel said.\nHummel also expects delays in Tesla model and product launches to weigh on investor sentiment for the stock.\nTesla gained 10.2% in June as investors cycled back into growth names. 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