It’s showtime in two weeks!: Tesla’s biggest bull is slowly losing faith: Can Musk still save Tesla?

Tesla shares finally managed to record price gains again this week. But one of Tesla’s biggest Wall Street bulls appears to be slowly losing faith in the electric car maker.

In the past five trading days, Tesla shares have gained nearly six percent. Tesla bull Dan Ives of Wedbush had a price target of $350 per share, but revised that after calling the electric car maker’s latest sales report “an absolute disaster.” The new target price is now $300 – still more than 71 percent above the current level.

In Ive’s latest note, the analyst suggests that he may lower his price target further when CEO Elon Musk presents Tesla’s first-quarter earnings on April 23. Will Musk be able to adequately communicate to analysts and investors how Tesla can return to growth?

Short

Long time

walltreetONLINE editorial team

0 Follower

Sign up HERE for a newsletter from the walltreetONLINE editorial team – a roundup of all the top topics of the stock market week! Don’t miss any important investor topics!

The editor-in-chief of walltreetONLINE’s editorial team is responsible for contributions to this journalism channel.

Expert journalists from walltreetONLINE’s editorial team, together with their colleagues from partner editorial teams, provide unique, well-founded, balanced and independent reporting for investors.

The senior editorial team conducts extensive research in order to provide investors in the self-determination category with relevant information for their investment decisions.

Subscribe to the RSS feed

Related posts:

geomtimba