TSLA: Bernstein Cuts Target Price To $120 From $150

TSLA: Bernstein Cuts Target Price To $120 From $150
Bernstein, what does this do? Is this a collection of fools? You're offering a ridiculous target price. Unless you're people with terrible low intelligence... I think you don't know how advanced Tesla is until now. Anyway, the reason for the calculation is that they think as follows, but I don't understand the thesis. lol
"To date, on a quarterly basis, Tesla experienced weak demand in China/Europe and constraints in U.S. Model 3 production. It reduces its Q1 forecast to 426,000 units (up 1% year-over-year) from 490,000 units and FY24 forecast to 1.98 million units from 2.12 million units (up from 468,000 units in Q1 and 2.06 million units).

In addition, we provide an EPS estimate for FY25 of $2.22 (compared to the consensus of $3.69). We lower FY24 general fiscal EPS from $2.31 to $2.06 (compared to the consensus of $2.63). FY24 consensus revenue is now down about 60% from $6.53 in October 22. We also lower FY25 forecast revenue to $2.18 million and EPS to $2.22, compared to the consensus of $2.41 and EPS of $3.69.
It seems that they are simply looking at vehicle production and sales. Tesla's business and future value do not seem to be considered at all. As a result, it feels like it's going crazy because it's short selling and profitability worsens. You have to tell me a report that many people can refer to based on objective data. It's like playing numbers roughly. There's even a misunderstanding that it's their intelligence to express Tesla's target price calculation
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