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