HSBC has lowered Tesla’s price target to $138 from $143, explaining that the increased affordability of cars doesn’t always result in higher sales volume. The analyst’s comments highlight uncertainties surrounding the timing of delivery for Tesla’s pre-revenue opportunities. Beyond concerns about slowing electric vehicle (EV) volume growth, they underscore uncertainties regarding the commercialization timelines for … Continue reading HSBC Lowers Tesla’s Price Target to $138, Citing Affordability Doesn’t Guarantee Sales Growth