Tesla price target lowered to $430 from $515 at Mizuho

Mizuho lowered the firm’s price target on Tesla (TSLA) to $430 from $515 and keeps an Outperform rating on the shares. The firm estimates Tesla’s February sales in its key regions of the U.S., European Union and China significantly underperformed the market, with the U.S. down 2% year-over-year, China down 49%, and Germany down 76%. Tesla’s sales “woes” are the result of a deterioration in geopolitics, brand perception, share loss due to stronger competition, and softer than expected demand for the Model Y refresh, the analyst tells investors in a research note. Mizuho trimmed its 2025 and 2025 delivery estimates for Tesla from 2.3M and 2.9M to 1.8M and 2.3M, respectively. However, the firm continues to see Tesla as a leader in the electric and autonomous vehicle markets.