[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."