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Tesla's sales have significantly declined in France and Scandinavia, with February registrations dropping 42%-48% year-on-year, despite overall EV demand rising. The brand faces challenges due to CEO Elon Musk's political involvement and an aging vehicle lineup, leading to a loss of market share and customer loyalty. The upcoming revamped Model Y may be crucial for regaining its position in these markets.
Securities analysts have revised ratings and price targets for several European companies. Notable changes include JP Morgan raising Lloyds' target price to 62p and upgrading Societe Generale to overweight, while Citigroup increased Verbund's target to EUR 64. Other adjustments include Stifel raising Vusiongroup's target to EUR 215 and UBS cutting KGaA's target to EUR 28.2.
Chinese technology companies, exemplified by Huawei's launch of the world's first tri-foldable smartphone, are showcasing their resilience and innovation in the face of external pressures. This shift from reliance on Western markets to independent R&D and global collaboration, as seen in Geely's partnership with Renault, highlights a transformative approach in the global tech landscape. Chinese enterprises are now focusing on technology exports and sustainable development, fostering mutual benefits and cooperation across emerging markets.
UBS has maintained a "Neutral" rating for Renault, setting a target price of 41 euros. Analyst David Lesne noted that the carmaker's annual results and 2025 outlook align with expectations, with no significant changes anticipated in analyst consensus due to uncertainties surrounding CO2 emission limits.
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tesla faces declining sales in europe amid brand loyalty challenges
15:14 03.03.2025
analysts adjust ratings and price targets for several european companies
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07:40 25.02.2025
Chinese tech firms drive global innovation and collaboration amid challenges
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ubs maintains neutral rating for renault with target price of 41 euros
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