The number of Americans looking to sell Tesla (TSLA) used to the highest level, coinciding with a difficult period of the company.
Specifically, the interests of the search for the phrase “MY Tesla used” increased by 733 % in March, according to Google Trends Data recovered by FinBold on March 22.
The search term achieved 12 degrees for the week from 2 to 8 March before it extends to the degree of popularity of the peak of 100 by the week ending March 21. During the past year, interest in the phrase remained constant, with minimal activity until the sudden increase in March.
California, Florida and Virginia have the highest concentration in searches, as Washington and Texas also showed remarkable attention.
This online trend appears to be in line with market data in the real world. To this end, Edmunds has an online car resource platform Note There are an increasing number of Tesla owners who choose trade, indicating a possible transformation in the consumer morale towards the electric vehicle giant (EV).
Data provided by the articles of association indicate that in the first two weeks of March, TESLA models from 2017 or the latest 1.4 % of all trade, an increase of 1.2 % in the previous month. It is estimated that if this trend continues, March will record the highest monthly share of Tesla Trade-ins.
The growing winds in Tesla
The increasing interest in selling Tesla cars used coincides with a period that the company continues to fight multiple opposite winds, such as low sales and increased competition from Chinese EV makers.
However, the need to empty Tesla compounds may also be partially linked to the intellectual response against CEO Elon Musk, which some critics see as attracting because of his association with extremist right -wing political figures. The role of Musk in the Ministry of Governmental efficiency (DOGE), which aims to reduce spending, contributed to the violent reaction against it.
CEOs of CEO organized peaceful demonstrations in the Tesla agent, equipment and factories throughout North America and Europe. However, some agents, vehicles, and the actions that the government described as “local terrorism” were sabotaged.
To this end, Ben Chloe, an analyst in Bird, warned that targeting Tesla cars may deter buyers in the future.
“When people cars are in danger of being key or fire there, even people who support musk or indifferent may think twice to buy Tesla,” Calo He said.
Although Musk displays flexibility, which helped Tesla shares seeing short -term lower recovers, the number of setbacks that affect the company is still accelerating, with safety regulations appearing as the latest anxiety.
In this regard, more than 46,000 electronic companies were called for a defect that may cause the body panels to be separated, which represents the eighth recall of the car more than a year ago.
Tesla stock is still under pressure
Amid increasing concerns about the Tesla brand, the company’s shares are still under pressure despite short -term recovery attempts. The FinBold report indicated that investors are increasingly looking to empty TSLA because it is fighting to break the resistance of $ 250.
As of the time of the press, Tesla shares were traded at $ 248.71, with the last session closed by 5.2 %. Over the past week, the stock gained 1.5 % but still a 35 % decrease so far.
Despite the recent fluctuations, retail investors made a standard $ 8 billion in Tesla for 13 days as of March 21, representing the largest purchase chain in the company’s history.
Technically, stock trading analyst prof_heistIn x mail On March 21, the most prominent dual hammer style on the weekly graph in Tesla, a upscale reflection signal, indicates that strong purchase pressure may stop the declining direction.
If the momentum is built, Tesla can target $ 260 after that, with $ 300 as a secondary goal. However, failure to obtain support may lead to a re -test of $ 180.
Wall Street is divided on Tesla shares
While these doubts continue, Wall Street analysts are divided into Tesla’s look.
For example, RBC Capital maintained the “Outperform” rating on Tesla, but it reduced the target price from $ 440 to $ 320. He rejected concerns about the decrease in Tesla sales, on the pretext that fears of the collapse of German shipments and the consumer refused exaggerated. However, with the growth of competition in independent leadership, lowering his perception due to weaker gains than expected from full self -driving (FSD) and robotics.
However, JPMorgan’s Ryan Brinkman is still a significant decrease, which reduced its target price from $ 135 to $ 120. He pointed to the low demand, consumer reactions against musk, and the rise of Tesla province as significant risks.
Redburn-ATLANTIC has repeated its “sale” rating with a purpose of $ 160, noting poor growth and high inventory before the April delivery report.
On the upper side, Adam Jonas from Morgan Stanley reaffirmed Tesla again as the best choice for him, while maintaining the “weight gain” classification and a goal of $ 430. Tesla is seen as the leader of Amnesty International and future robots with a long -term rise of $ 800. Likewise, Dan Evez from Wedbush Slump recently described the “moment of intestinal examination” for investors, while maintaining his $ 550 goal and classification “outperforming performance.”
Distinctive image via Shutterstock
