Why Tesla Stock Is Down Again Today
Shares of the electric carmaker (NASDAQ: TSLA) once again found the red today, as stocks extended their sell-off and another analyst lowered his price target on the stock. Tesla is trading about 5% lower as of 11:08 a.m. ET.
Stifel Financial analyst Stephen Gengaro issued a report this morning, lowering his price target on Tesla by $19 to $455. This still implies over 72% upside, and Gengaro maintained his buy rating on the stock. Gengaro's near-term concerns are shared by a growing chorus of analysts who expect Tesla to report weaker first-quarter deliveries due to a slow launch of Tesla's new Model Y, a potential hit from CEO Elon Musk's foray into politics, and reports of vandalism to Tesla vehicles.
Source Fool.com
Tesla Inc Stock
€269.85
0.840%
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 51.94% for Tesla Inc compared to the current price of 269.85 €.
