Elon Musk's Latest Moves And Price Target Change For Tesla; Here Are More Recent PT Cuts By The Most Accurate Analysts

Tesla, Inc. TSLA shares dropped sharply on Thursday after the company increased the discount on all Model 3 and Model Y vehicles delivered in the U.S. in December from $3,750 to $7,500, adding to recent demand concerns.

However, shares of the EV maker gained in today’s pre-market trading following CEO Elon Musk's statement that he would refrain from selling any Tesla stock in 2023. Musk also suggested that a buyback could be coming next year.

Tesla shares dropped 8.9% to close at $125.35 on Thursday, but gained 0.9% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the EV maker in the recent period.

• Canaccord Genuity’s analyst George Gianarikas maintained a Buy rating on the stock on December 22, 2022, and lowered the price target from $304 to $275. This analyst sees around 119% upside in the company’s stock and has an accuracy rate of 15% only.
• Deutsche Bank’s analyst Emmanuel Rosner maintained a Buy rating on December 21, 2022, and slashed the price target from $355 to $270. This analyst sees around 115% upside in the company’s stock and has an accuracy rate of 71%.
• Evercore ISI Group analyst Chris McNally maintained an In-Line rating on December 20, 2022, and lowered the price target from $300 to $200. This analyst sees around 60% upside in the company’s stock and has an accuracy rate of 16% only.
• Daiwa Capital’s analyst Jairam Nathan maintained an Outperform rating on December 20, 2022, and cut the price target from $240 to $177. This analyst sees over 41% upside in the company’s stock and has an accuracy rate of 67%.
• Mizuho’s analyst Vijay Rakesh reiterated a Buy rating on the stock on December 20, 2022, and lowered the price target from $330 to $285. This analyst sees around 127% upside in the company’s stock and has an accuracy rate of 65%.

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