Mizuho cuts Tesla price target due to declining sales
Mizuho has reduced its price target for Tesla from $515 to $430 per share, citing concerns over declining electric vehicle sales. The firm maintains an outperform rating, suggesting potential growth despite the cut. Analyst Vijay Rakesh noted that Tesla's sales in February likely lagged behind the overall automotive market, particularly in the U.S., Europe, and China. He highlighted significant expected declines in sales, especially in Germany and China. Tesla's stock has dropped over 38% in 2025, with analysts expressing mixed views. While 28 out of 54 analysts rate the stock as hold, underperform, or sell, 26 analysts still recommend a buy or strong buy.