Price cuts of 6% to 20% could “unlock at least 300k units of incremental demand” for Tesla cars, and that’s not fully appreciated, analysts at Piper Sandler said.
Tesla Inc.’s price cuts herald market-share gains that most investors do not yet fully appreciate, analysts at Piper Sandler said in a note Thursday, keeping their ratings on the electric-vehicle maker at the equivalent of buy.
Tesla TSLA, -1.75% is slated to report fourth-quarter earnings on Wednesday after the bell. Analysts are looking to hear more about the effects of the price cuts, enacted last week for the U.S. and Europe, and Tesla guidance.
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