Tesla Stock Tanks Again. Price Target Slashed 43% Amid Musk’s ‘Brand Crisis Tornado.’
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Tesla stock was tumbling in premarket trading Monday after longtime bull Wedbush analyst Dan Ives slashed his price target. Shares of the electric vehicle maker were down 7.1% in premarket trading at $222.49, while and futures were dropping 2.2% and 2.3%, respectively. Ives lowered his price target from a Street high (among major brokers) of $550 a share to $315 a share, down 43%.
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