Why Tesla Stock Continued to Plunge Today
(NASDAQ: TSLA) stock is on a major losing streak. After falling for eight straight weeks, it is starting off another week deep in the red. At 12:12 p.m. ET, shares were near the lows of the session, down by 5.8%.
The leading electric vehicle (EV) maker has now lost 50% of its value over the past three months. With all the negativity surrounding the name, investors might wonder if it's worth considering buying the dip.
Today's drop comes after one Tesla bull just cut his firm's price target by $85 per share. Mizuho's Vijay Rakesh is still taking a bullish stance, but his price target dropped from $515 to $430 per share, reports Barron's.
Source Fool.com
Tesla Inc Stock
€289.30
-1.310%
Currently there is a rather positive sentiment for Tesla Inc with 106 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a positive potential of 41.72% compared to the current price of 289.3 € for Tesla Inc.
