Tesla stock fell over 4% on Tuesday to close at $272.04 as investors reacted to weak Chinese sales, tariffs, and concerns over a buyers’ strike. February U.S. sales rebounded, rising 14% year over year, but Chinese wholesale numbers dropped 49%. Morgan Stanley analyst Adam Jonas downplayed the sales decline, emphasizing Tesla's AI potential, maintaining a Buy rating with a $430 price target. Tesla stock has a 47% Buy rating, lower than the S&P 500 average of 55%.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's stock fell over 4% on Tuesday to close at $272.04, as investors reacted to weak Chinese
00:08sales, tariffs, and concerns over a buyer strike. February U.S. sales rebounded, rising 14% year
00:14over year, but Chinese wholesale numbers dropped 49%. Morgan Stanley analyst Adam Jonas downplayed
00:20the sales decline, emphasizing Tesla's AI potential, maintaining a buy rating with a $430
00:25price target. Tesla's stock is a 47% buy rating, lower than the S&P 500 average of 55%.