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Why is TSLZ Down Today After Analyst Upgrades

The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) closed down 0.64% at $2.33 on January 6, as Tesla's stock experienced a slight increase of 0.27% to $411.55. Tesla's stock was buoyed by a series of analyst upgrades, including a buy rating from New Street and a raised price target from Stifel, reflecting optimism about the company's auto growth and stabilizing margins. Despite these positive sentiments, Tesla's recent report of its first annual drop in deliveries, down 1.1% to 1.79 million vehicles in 2024, has raised concerns about market saturation and the effectiveness of its sales incentives. The company's focus on autonomous technology and political involvement may influence its future trajectory, but analysts emphasize the need for new, affordable models to drive growth.