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Shocking reactions to Tesla’s future after White House event!

Shocking reactions to Tesla’s future after White House event!

Buckle up, as we delve into the latest developments in the auto industry that have analysts buzzing with excitement. From Tesla’s White House spectacle to Citibank’s faith in a Chinese Tesla competitor and hints of a new affordable model from Tesla themselves, the automotive world is never short of surprises.

  1. Tesla’s White House Showstopper:
    • On March 11, the White House South Lawn played host to an unexpected Tesla showcase, with President Donald Trump and Elon Musk test-driving some of Tesla’s electric vehicles. This unconventional display of support for Tesla from the President raised eyebrows and concerns among industry analysts.
    • While President Trump marveled at Tesla’s technology, analysts at Wells Fargo and JP Morgan took a more critical stance. JP Morgan’s Ryan Brinkman warned that Tesla’s value is plummeting due to Musk’s politically charged actions with the Department of Government Efficiency, leading to a downgrade in Tesla’s projected global deliveries.
    • However, Morgan Stanley sees this downturn as a buying opportunity despite declining brand sentiment and sales data.
  2. Citibank Places Bets on Tesla Rival’s Growth:
    • Contrary to the Tesla drama, Citibank shifted its focus to a Chinese Tesla competitor, Xpeng, noting the company’s strong potential in non-EV activities.
    • Citi upgraded Xpeng’s stock and raised its price target, citing projected sales growth for 2025 and 2026, fueled by their commitment to AI and robotics.
    • The move by Citibank mirrors UBS’s earlier upgrade of Xpeng stock, underlining the increasing investor interest in the company’s AI technology.
  3. A Glimpse into Tesla’s Affordable Future:
    • Speculation around a more affordable Tesla model has long tantalized enthusiasts, and hints of this model finally emerged during Tesla’s Autonomous Driving Day.
    • Analysts at Deutsche Bank revealed insights about the upcoming "Model Q," projected to launch in the first half of 2025 as Tesla’s entry into the affordable electric vehicle market.

As the auto industry continues to evolve and surprise investors, the dynamics between traditional automakers, tech giants, and new entrants promise an exciting road ahead. Stay tuned for further updates and be prepared for the unexpected shifts that define this ever-changing landscape.

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