Tesla tumbles again
Tesla shares slid 3.2% on Thursday, March 19 to about $380 after a 1.56% drop the day before — trading spiked to 66.6M shares, signaling elevated investor anxiety (youtube.com). UBS cut Q1 delivery estimates 18% to 345,000 units and kept a sell rating with a $352 target while Wall Street consensus sits near $399 — watch March’s $390 support and upcoming TerraFab (Mar 21) and CyberCab (mass production in April) catalysts ( ).
UBS’s recent research note flags a sharp escalation in Tesla’s capital plans — analysts model roughly $20 billion in annual capex and warn that could push the company into a short‑term “cash burn” phase with multi‑billion dollar outflows. (intellectia.ai) The same UBS note explicitly questioned whether Tesla’s robotaxi narrative will deliver the investor “wow” needed to justify that spending, raising the bar for upcoming autonomy milestones and regulatory disclosures. (msn.com) Tesla’s Terafab program, outlined by company commentary and reporting, is being positioned as a multi‑billion‑dollar in‑house chip build‑out targeting advanced nodes (2‑nanometer process) with plans for very large annual AI/memory die output. (forbes.com) Separately, Tesla’s Cybercab — described in public statements as a two‑seat vehicle purpose‑built for unsupervised autonomy with unconventional controls — is due to enter factory production at the company’s Texas site, a step that tightens the link between vehicle launches and the firm’s AI/robotics ambitions. (insideevs.com) Analyst coverage remains highly polarized: MarketBeat tracks 41 covering analysts with a split of 19 Buys, 13 Holds and 9 Sells, while third‑party aggregators show 12‑month targets ranging from roughly $25 up to $600, underlining divergent views on Tesla’s cash needs and long‑term roadmap. (marketbeat.com) Technicians note the stock has pulled back from earlier peaks (a February high in the mid‑$400s and prior rejections near the $480–$500 area), and now trades in a lower consolidation band that will determine whether recent bearish momentum stabilizes or extends. (historicaloptiondata.com)
