Reported about 8 hours ago
Tesla shares saw a slight increase of nearly 4% amidst a market rebound, yet marked their eighth consecutive week of losses, prompting some analysts to predict a potential decline of nearly 50% from current levels. Notably, Wells Fargo and JPMorgan have set targets of $130 and $120 respectively, reflecting a significantly bearish outlook compared to the average analyst target of $366. Concerns about declining sales in major markets and political backlash against CEO Elon Musk may further pressure the stock.
Source: YAHOO