[Hot Stock] Tesla Hits New Low, LG Energy Solution and Other Battery Stocks Fall ↓

Due to Tesla's sharp stock price decline, secondary battery-related stocks are also falling in the domestic stock market.

According to the Korea Exchange on the 19th, as of 9:45 a.m., LG Energy Solution is trading at 369,000 won, down 2.12% from the previous day. POSCO Future M is down 2.13%, POSCO Holdings down 1.03%, EcoPro Materials down 2.07%, and EcoPro BM down 1.31%, all showing a downward trend.

The decline in secondary battery-related stocks is attributed to Tesla. On the New York Stock Exchange, Tesla's stock price closed at $149.93, down 3.55% from the previous session. This is the lowest level in about 1 year and 3 months since late January last year.

The drop in Tesla's stock price is interpreted to be influenced by a downgrade report from Deutsche Bank analyst Emmanuel Rossner. Rossner downgraded Tesla's investment rating from 'Buy' to 'Hold' and lowered the target price from $189 to $123.

He stated, "The launch timing of Tesla's affordable new car, the so-called ‘Model2’, will be delayed until after the end of next year," and predicted, "This will cause significant pressure on profits and cash flow after 2026."

This content was produced with the assistance of AI translation services.