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Tesla’s Crowd of Investors Start to Sell after Q1 Delivery Slide
EV maker Tesla TSLA -5.42% ▼ has seen investors start to sell their holdings after its recent Q1 vehicle delivery miss.
End of Quarter Sale - 50% Off TipRanks
New trading tool for TSLA bears
Is it wise to follow the crowd or even to listen to them? Does the combined strength and voice of the crowd override that of the individual?
Questiosn to ponder with a carfeully angled pipe in your mouth, some slippers and a lazy afternoon ahead. But if you’re an investor then the time to philosophise or pontificate is limited. Best then to follow the wisdom of the crowd through a TipRanks tool we creatively call ‘Crowd Wisdom.’ Let’s see what it shows for those investors deliberating the prospects of Tesla.
We base this data on sentiment and activity around the stock in 857926 investor portfolios. It shows that over the last 30 days the number of portfolios holding Tesla stock is up 1.1%. However, over the last 7 days it is down 0.2%.
It’s been another interesting period for Tesla with Q1 deliveries missing market expectations and energy storage products also lower. There are concerns over increased competition in the EV sector, the company falling behind on self-driving and perhaps giving too much focus on other areas of its business such as humanoid robots.
Neutral Sentiment
Investor sentiment in the recent quarter is described as being neutral, compared to the positive sentiment recorded when we last looked at Tesla Crowd Wisdom just before Christmas. Some of the most negative have been people in the under 35 age bracket with a 5.3% decrease in holdings over the last 30 days and those between 35 and 55 with a 1.1% slide. Those over 55, who represent a third of all Tesla investors, have recorded a 2.9% rise.
Is TSLA a Good Stock to Buy Now?
On TipRanks, TSLA has a Hold consensus based on 13 Buy, 11 Hold and 7 Sell ratings. Its highest price target is $600. TSLA stock’s consensus price target is $394.34, implying a 9.36% upside.
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