Bulls bail
Since then, at least two analysts have downgraded the stock, while several have cut their price targets on the stock. The average price target on Tesla has fallen by nearly 8 per cent since Tuesday’s close, according to data compiled by Bloomberg, and now sits at $US220.34. The shares are trading at around $US182.
Long-time bullish Tesla analyst, Wedbush’s Daniel Ives, removed the stock from his “Best Ideas List”, saying the lack of details on price cuts,…
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