Tesla Stock Falls After Weak Earnings. What Wall Street Says.

Tesla stock was dropping after weak earnings and downbeat comments from CEO Elon Musk. Wall Street wasn’t feeling very bullish after the report.

“I am worried about the high-interest-rate environment that we are in,” he said. “I can’t emphasize this enough…the vast majority of people buying a car is about the monthly payment.” Wedbush analyst Dan Ives also noticed the downbeat tone of the call, referring to it a “mini-disaster” in a report. Ives rates shares Buy but cut his target price to $310 a share from $350.

“Investors missing the forest for the trees,” he wrote in a report Thursday. He has an interesting idea that he believes people might be missing.

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