Tesla shares are down 70% for the year as Morgan Stanley cuts price target | CNN Business

Tesla’s stock is finishing out its tumultuous year with yet more turbulence.

           

https://www.facebook.com/cnn/posts/10163297368471509

Rich Gerber perhaps but it closed at $121 and change today. Considering Musk hasn’t hit most of his promised production rollouts and as per the article is facing increased competition in China and Europe ( VW) as well as Ford and GM ramping up, well, it’ll take another “stable genius” move for them to ever see any numbers over $300.00 per in the near term (all of 2023).
I may be crazy but here in the US with the small SUV market as the sales leader Tesla is facing a tough row to hoe.
That and the abject failure ( to date) of the pick up truck roll out ( see Ford &GM) those target numbers in the article look closer to correct to me.
I think you’re closer to correct about $85.00 but certainly under $100.00.
I might take a flyer at $99.00 with the thought that a 6 to 9 month ride might turn a tidy profit.
Be well!




+