00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla shares dropped over 8% on Wednesday, closing at over $440, marking their sharpest
00:07decline since before the election of Donald Trump. Despite recent gains, analysts at Barclays
00:12expressed concerns about the stock's disconnect from fundamentals, maintaining a hold rating
00:17with a $270 price target. Elon Musk's new role in Trump's administration adds uncertainty to
00:23Tesla's future as it faces increasing competition from Waymo's growing robo-taxi services.
00:29Tesla is set to report its fourth quarter deliveries in January. Without new vehicle
00:33models since the Cybertruck's release, the company is relying on incentives like
00:37zero percent financing to maintain sales momentum.
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