Tesla stock declined in early trading after a strong multi-day rally significantly boosted its share price, according to Barron's. Investors are weighing whether Tesla’s recent stock decline stems more from political backlash tied to CEO Elon Musk or the Model Y transition. Tesla’s upcoming delivery report is expected to show lower sales than initial Wall Street projections, with recent estimates falling below last year’s first-quarter total. Analyst sentiment on Tesla stock is slightly below the S&P 500 average, with a modestly lower Buy-rating ratio and a price target that reflects cautious optimism.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla's stock declined early trading after a strong multi-day rally significantly boosted
00:06its share price, according to Barron's.
00:09Investors are weighing whether Tesla's recent stock decline stands more for political backlash
00:13tied to CEO Elon Musk or for the Model Y transition.
00:17Tesla's upcoming delivery report is expected to show lower sales than initial Wall Street
00:21projections, with recent estimates falling below last year's first quarter total.
00:25For all things money, visit Benzinga.com slash GSTV.