Wall Street's bearish calls are getting louder! Tesla, Inc. (TSLA.US) Q4 delivery data falls short of expectations, facing target price downgrade from Truist.

Truist analyst William Stein has lowered the target price for Tesla, Inc. (TSLA.US) from $360 to $351, while maintaining a "hold" rating. In his report, Stein stated that Tesla, Inc.'s fourth-quarter delivery and production data were below market expectations and the company's own forecasts. The data also showed that Tesla, Inc.'s average selling price decreased by 0.5% compared to the previous quarter. Analysts believe that Tesla, Inc. will continue to adjust pricing to stimulate demand, putting further downward pressure on prices. Last Thursday, Tesla, Inc. reported delivering 495,570 electric cars in the fourth quarter, a quarterly record. However, this number was about 10,000 below Wall Street's expectations. As a result, the stock price dropped 6.1% that day. However, Tesla, Inc.'s stock price rebounded 8.2% on Friday, fully recovering the previous day's losses. There is a wide divergence of opinion among Wall Street analysts regarding Tesla, Inc. Wedbush analyst Dan Ives is confident in Tesla, Inc., giving it a "buy" rating with a target price of $515, while TD Cowen analyst Jeff Osborne is more cautious, with a "hold" rating and a target price of only $180. Overall, there are 13 analysts on Wall Street who rate Tesla, Inc. as "buy", 11 as "hold", and 9 as "sell", with a consensus rating of "hold" and an average target price of $306.6, which is 25% below the current stock price.