: : Tesla stock sinks after more price cuts prompts Guggenheim to recommend investors sell #FinanceUSA #StockMarketNEWS Shares of Tesla Inc. TSLA took a 5.7% dive in morning Friday, after the electric
@stockMarketNEWS Tue 17 Jan, 2023
: Tesla stock sinks after more price cuts prompts Guggenheim to recommend investors sell #FinanceUSA #StockMarketNEWS
Shares of Tesla Inc. TSLA took a 5.7% dive in morning Friday, after the electric vehicle maker started discounting some of its U.S. EVs, which prompted Guggenheim to recommend investors sell. The stock, which was currently the 2nd-worst performer in the S&P 500 SPX, was pulling back after rallying 14.3% in a little over a week, since closing at a 2 1/2-year low of 8.10 on Jan. 3. The EV discounts posted on Tesla’s website late Thursday came a week after the company cut prices in China for the second time in three months. Guggenheim’s Ronald Jewsikow lowered his rating to sell from neutral, and established a price target of , which implied about 24% downside from current levels. He said Wall Street estimates are “far too optimisti`ZXYوݝ ]X [ XH YH]ۈ[ K[ [X][ YY H ][ZY H8'ؘ[ XH] ]Kx& [Y
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