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📰 $TSLA: MIZUHO CUTS TARGET PRICE TO $430 FROM $515 🔸 Lowered ’25E/’26E delivery estimates from 2.3M/2.9M to 1.8M/2.3M (consensus: 2.0M/2.3M). 🔸 Feb ’25 sales underperformed: US: -2% Y/Y (market +16%). China: -49% Y/Y (market +85%). Germany: -76% Y/Y (market +31%). 🔸 Key issues: Geopolitical tensions, weaker brand perception (US/EU), rising competition (China), and soft Model Y demand. 🔸 TSLA remains a leader in EV/AV markets, but PT lowered from $515 to $430.

March 17, 2025
Frank

$TSLA: MIZUHO CUTS TARGET PRICE TO $430 FROM $515

🔸 Lowered ’25E/’26E delivery estimates from 2.3M/2.9M to 1.8M/2.3M (consensus: 2.0M/2.3M).
🔸 Feb ’25 sales underperformed:
US: -2% Y/Y (market +16%).
China: -49% Y/Y (market +85%).
Germany: -76% Y/Y (market +31%).
🔸 Key issues: Geopolitical tensions, weaker brand perception (US/EU), rising competition (China), and soft Model Y demand.
🔸 TSLA remains a leader in EV/AV markets, but PT lowered from $515 to $430.