NEWS: Wedbush analyst @DivesTe

Pinkspider

04-06

NEWS: Wedbush analyst @DivesTech has lowered his $TSLA price target to $315 (from $550).

Dan: “Our long standing bull view of Tesla remains, but there is no denying this is a

pivotal moment of truth for Musk to turn things around...or darker days are

ahead. We have been one of the biggest supporters of Musk and Tesla over

the last decade....but this situation is not sustainable and the brand of Tesla is

suffering by the day as a political symbol. Musk has been with his back against

the wall many times and every time Tesla came out of it and was stronger on the

other side...this may be one of his biggest challenges yet to turn around. We are

lowering our price target from $550 to $315 to reflect these new softer demand

estimates. We maintain our OUTPERFORM rating”

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