‘Train wreck’ earnings call has even the bulls begging Tesla’s executives to behave like adults

January 26, 2024

… [I]nstead we got a high level Tesla long-term view,” Ives wrote. Ives added that his “near-term confidence in the story is shaken,” though he still likes Tesla as a long-term play. He cut his price target to $315 from $350 while keeping an outperform rating on the stock. Sacconaghi pinpointed commentary around the company’s next-generation model, which management expects will go into production in the second half of 2025. Opinion: Elon Musk wants voting control of Tesla’s stock, but he won’t admit it to investorsTesla’s shares are off 26% so far this month, contrasting with gains of around 2.4% for the S&P 500 index SPX.