What is the reason why Tesla fell again on 3/6 (Thu)!?

The result of 3/6 (Thu) was $176.54 (-2.32%) ⤵️

The US stock market rose last night because the content of Chairman Powell's remarks was not that hawkish and was as expected.

However, contrary to market trends, Tesla fell again. When it comes to why, I can think of two main reasons. One was due to the suspension of production at the Berlin plant.

The other day, a fire broke out near the Berlin plant, and Tesla was forced to stop production there. The cause of the fire is believed to be arson on a transmission line near the factory by a far-left group.

As a result, the Berlin plant was unable to receive electricity, and production has stopped. Recovery is expected to take some time, and this is likely to have a big impact on production and sales volume in Q1.

And the second reason is that Morgan Stanley lowered Tesla's target share price from $345 to $320 last night.

Morsta analyst Adam Jonas was concerned that earnings from Tesla's automobile business would deteriorate this fiscal year, and revised the target stock price downward.