Tesla shares are now down around 40 percent so far this year, hammered by a fierce competition wave out of China and politically motivated boycotts in the US and the EU. Now, a Tesla uber-bull analyst seems to have read the proverbial writing on the wall by slashing his erstwhile sky-high stock price target by nearly half. $TSLA: Wedbush cuts target price to $315 from $550 “We remain bullish on Tesla, but this is a critical moment for Musk. The brand is weakening as a political symbol, and the situation is unsustainable. Musk has overcome major challenges before — this […]
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