Tesla pushed back the unveiling of its next-generation Roadster from Oct. 1 to Oct. 15, citing forecasts for severe weather at the planned outdoor venue. The event is still expected to take place at SpaceX’s test site in McGregor, Texas. Tesla shares closed at $357.45 on Sept. 29, down 3.94%, while TSLA traded at $357.8 in after-hours activity on Hyperliquid. TradingBeats data showed that during regular U.S. trading on Sept. 28, estimated turnover in the TSLA perpetual contract under Trade[XYZ] on Hyperliquid was about $17.52 million, down roughly 27% from the same period of the previous trading day. At the same time, JPMorgan cut its Tesla price target to $415 from $445, a reduction of about 6.7%, while keeping a Neutral rating. The market is also watching Tesla’s upcoming third-quarter production and delivery figures closely. Cantor Fitzgerald expects those numbers may come in weak, adding to pressure already tied to the delayed product event and the lower target price.
Tesla has postponed the unveiling event for its next-generation Roadster to Oct. 15 from Oct. 1, according to BlockBeats on Sept. 29.
The company said the change was made because forecasts pointed to severe weather in the area and the event must be held outdoors. The venue is still expected to be SpaceX’s test site in McGregor, Texas.
Tesla closed at $357.45 on the day, down 3.94%. On Hyperliquid, TSLA was quoted at $357.8 during after-hours trading.
TradingBeats data showed that during regular U.S. stock market trading on Sept. 28, estimated turnover for the TSLA perpetual contract under Trade[XYZ] on Hyperliquid was about $17.52 million, down about 27% from the same period of the previous trading day.
JPMorgan also lowered its Tesla price target to $415 from $445, a cut of about 6.7%, while maintaining a Neutral rating.
The market is also cautious ahead of Tesla’s upcoming third-quarter production and delivery data. Cantor Fitzgerald expects those figures may be weak. According to BlockBeats, the latest decline may reflect a combination of the delayed product event, the lower target price and pressure tied to delivery expectations.
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