Tesla’s stock is finishing out its tumultuous year with yet more turbulence: It’s up almost 6% Thursday, but still down more than 10% since last week. And a new cut to its price target from Morgan Stanley isn’t helping. Year-to-date, the stock is down about 70%. Morgan Stanley analysts on Thursday said that the company’s sliding stock price represents a buying opportunity, but they cut its price target from $330 per share to $250.
” Tesla’s growth prospects - a target of 50% sales growth annually, helped drive that valuation. It conceded in October that it will miss that sales target for this year. The stock’s climb to dizzying heights – rising 743% in 2020 alone – was driven by Musk’s reputation as a genius who would disrupt the massive global auto industry. “Tesla was viewed as a disruptive technology company, not as an automaker, and a large part of that premium is related to Musk,” said Ives.
International news awaits your direct contact. Reach out to be to the first outlet with the news.
Of course CNN is hoping Tesla tanks.
CNN lost more value in stock. 🤷♂️
AEROTEK COMPANY are Now Hiring Work From Home Job Opportunity for those who’re intere :3/5 days a week (weekends off) :pay rate is $25 per hour and training earns you $18 per hour. :Schedule: Monday –Friday
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: nypost - 🏆 91. / 67 اقرأ أكثر »