Hyperdrive
Tesla Gives Car Shoppers Reason to Wait as Prices Keep Falling
Even analysts in disagreement about the stock see the company continuing to mark down the cost of its vehicles.
A Tesla store in Vallejo, California, early last month.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
One thinks Tesla’s stock is a buy and headed back to $300; the other believes it’s a sell and will fall to $150.
But Piper Sandler’s Alexander Potter, Bernstein’s Toni Sacconaghi and analysts who are more neutral on Tesla shares agree on this: The company’s electric vehicles are only going to get cheaper.