Why Tesla Stock Continued to Plunge Today
Tesla (NASDAQ: TSLA) stock is on a major losing streak. After falling for eight straight weeks, it is starting off another week deep in the red. At 12:12 p.m. ET, shares were near the lows of the session, down by 5.8%.The leading electric vehicle (EV) maker has now lost 50% of its value over the past three months. With all the negativity surrounding the name, investors might wonder if it's worth considering buying the dip.Today's drop comes after one Tesla bull just cut his firm's price target by $85 per share. Mizuho's Vijay Rakesh is still taking a bullish stance, but his price target dropped from $515 to $430 per share, reports Barron's.Continue reading
Tesla (NASDAQ: TSLA) stock is on a major losing streak. After falling for eight straight weeks, it is starting off another week deep in the red. At 12:12 p.m. ET, shares were near the lows of the session, down by 5.8%.
The leading electric vehicle (EV) maker has now lost 50% of its value over the past three months. With all the negativity surrounding the name, investors might wonder if it's worth considering buying the dip.
Today's drop comes after one Tesla bull just cut his firm's price target by $85 per share. Mizuho's Vijay Rakesh is still taking a bullish stance, but his price target dropped from $515 to $430 per share, reports Barron's.
