Why Tesla Stock Keeps Falling
Tesla (NASDAQ: TSLA) stock fell for a third straight day on Tuesday, down 4.1% through 10 a.m. ET on a Wall Street downgrade and discouraging commentary from electric vehicle (EV) news source Electrek.
Long-time Tesla bear GLJ Research announced a "Street-low" price target on Tesla stock today, saying the $155 stock is worth less than $23 a share. At the same time, Electrek reported that regardless of what Elon Musk says, Reuters was right when it reported that Tesla is canceling the Model 2.
You know the story. Early in April, Reuters reported that Tesla "canceled" plans to build the inexpensive electric car commonly called the "Model 2." With characteristic subtlety, Musk disputed the report:
Source Fool.com
Tesla Inc Stock
€180.82
15.000%
Our community is currently high on Tesla Inc with 55 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a positive potential of 33.83% for Tesla Inc compared to the current price of 180.82 €.
