• Piper Sandler analyst Alexander Potter maintains an Overweight rating on Tesla, setting a new price target of $450, which suggests nearly 90% upside from current levels. Despite this bullish outlook, Tesla shares have seen a significant decline, down 35% in the past month and 41% year-to-date, making it the worst performer among the Magnificent 7 tech stocks. Potter acknowledges the volatility surrounding Tesla's stock but emphasizes the company's potential to transform transportation and energy markets.

• The demand outlook for Tesla remains weak, with recent sales figures indicating a decline in key markets such as China and Australia. In February, Tesla's sales in China dropped by 11.16% year-over-year, and in Australia, sales fell by 72%. The company is facing increased competition from traditional automakers like General Motors and Ford, as well as a shift in consumer preferences towards hybrids. Additionally, insider selling has raised concerns about the company's stock performance, with over $100 million sold in just over a month.