Tesla stock hits 15-month low in premarket after Deutsche Bank downgrade
Tesla’s stock price has tumbled to a 15-month low in premarket trading Thursday, April 18. The significant drop comes after investment bank Deutsche Bank downgraded the electric vehicle giant’s stock rating, highlighting a “considerable risk.”Deutsche Bank believes there is a considerable risk from “going balls to the wall for autonomy,” following recent news and the likelihood of the Model 2 push-out and the company’s change of strategic priority to Robotaxi.
It is believed that pushing out Model 2 will create significant earnings and free cash flow pressure on Tesla’s 2026 estimates, and “make the future of the company tied to Tesla cracking the code on full driverless autonomy, which represents a significant technological, regulatory and operational challenge.”
Ahead of the company’s earnings, Wells Fargo analysts said they expect a Q1 miss from Tesla, with expectations low after weak deliveries.
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