Why Tesla Stock Dropped on Tuesday
Tesla (NASDAQ: TSLA) stock tumbled 6%.1 through 3:15 p.m. ET Tuesday, one week before Tesla is expected to report its Q2 deliveries number -- and just hours after Swiss megabanker UBS announced it's sticking with only a "neutral" rating on Tesla shares ahead of the report.
Image source: Tesla.
A "neutral" rating implies that this analyst is giving Tesla a kind of shrug and a pass on its current valuation. But as StreetInsider.com reports, UBS analyst Joseph Spak thinks Tesla's stock price could decline after deliveries are reported. His price target for the stock, $364, is 10% below Tesla's Monday closing price.
Source Fool.com
Tesla Inc Stock
€272.10
0.830%
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a hugely positive potential of 50.68% for Tesla Inc compared to the current price of 272.1 €.
