Reported 1 day ago
Tesla's stock has dropped nearly 50% from its all-time high, with a notable 11% loss this week alone. This decline has sparked a strong defense from Wedbush analyst Dan Ives, who reaffirms his bullish stance and $550 price target for the company. Ives attributes the downturn to negative sentiment tied to CEO Elon Musk's political connections, yet he remains optimistic about Tesla's long-term prospects, believing that its autonomous driving initiatives will outweigh current market concerns.
Source: YAHOO