TeslaThis advertisement has not loaded yet, but your article continues below.The company’s shares rebounded on Wednesday, following an 11% slump in the previous session on a Reuters report that the automaker planned to run a reduced production schedule in January at its Shanghai plant. The news sparked worries of a drop in demand in the world’s biggest car market.
“Btw, don’t be too bothered by stock market craziness. As we demonstrate continued excellent performance, the market will recognize that,” he said.Morgan Stanley analysts cut their price target on the stock to $250 from $330, saying the last two years of demand exceeding supply will be “substantially inverted to supply exceeding demand” in 2023.
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