Mizuho analyst Vijay Rakesh lowered the firm’s price target on Tesla (TSLA) to $475 from $485 and keeps an Outperform rating on the shares. The firm reduced estimates for Tesla citing weaker electric vehicle markets in China and the U.S. The company also faces potential posing headwinds for analog in 2026, the analyst tells investors in a research note. Mizuho believes China could see electric vehicle demand headwinds as the government reduces subsidies by 50% in 2026.
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