Scanpix/Heiko Junge/via REUTERS A bullish Tesla analyst has cut his price target by $100, admitting he’s gotten the stock wrong. Though Jefferies analyst Philippe Houchois lowered his target, he’s maintaining a "buy" rating. His report comes one day after Goldman Sachs cut its target for the fourth time this year. Track Tesla’s stock price here […]
Tesla garners yet another price-target cut as one of its biggest bulls acknowledges he’s gotten the stock wrong (TSLA)
Scanpix/Heiko Junge/via REUTERS A bullish Tesla analyst has cut his price target by $100, admitting he’s gotten the stock wrong. Though Jefferies analyst Philippe Houchois lowered his target, he’s maintaining a "buy" rating. His report comes one day after Goldman Sachs cut its target for the fourth time this year. Track Tesla’s stock price here […]
Elon Musk addressed the Tesla problem Wall Street is obsessing over, and the stock is jumping (TSLA)
Lucy Nicholson / Reuters Tesla shares jumped almost 4% early Wednesday after the company held its annual shareholder meeting the evening prior and CEO Elon Musk told investors "there is not a demand problem." Wall Street analysts have grappled Tesla demand issues for months, and shares have slumped 35% this year. Musk, who has in […]
Tesla sinks to new a 2 1/2-year low after Wall Street unleashes scathing new research on the electric-car maker’s troubles (TSLA)
Rebecca Cook / Reuters Tesla shares fell to a 2 1/2-year low on Wednesday after two Wall Street analysts released scathing reports about the state of the electric-car maker. Citi cut its price target while Bank of America Merrill Lynch said the company’s losses and cash burn rate are "not turning a corner on a […]
Tesla has baffled Wall Street, disappointed investors, and is about to hand the shorts $1 billion in profits for one of their best months in years (TSLA)
With Tesla shares down 16% this month, short sellers have made more than $1 billion in mark-to-market profits through Monday — and are on track for one of their profitable months since 2016. Earnings expectations and price targets have come down rapidly in recent weeks as underlying demand concerns and the automaker’s quarterly loss worries analysts. […]
Tesla’s stock is ‘caught in a flywheel of concerns,’ says Morgan Stanley analyst who just cut his price target for the 4th time this year (TSLA)
Reuters Tesla shares fell by as much as 1.2% on Tuesday after Morgan Stanley slashed its price target. It’s the firm’s fourth price-target cut this year and this month. Tesla shares "appear caught in a flywheel of concerns" including demand and access to capital, auto analyst and longtime Tesla observer Adam Jonas wrote in a […]