Comment on Tesla shares open below $200 for the first time since 2016, following analyst downgrades

Tesla shares open below $200 for the first time since 2016, following analyst downgrades

Shares of Palo Alto-based Tesla Inc. opened Tuesday below $200, their lowest price since December 2016, after two analysts cut their price targets on the company’s stock. Analysts at Morgan Stanley issued a bearish note on Tuesday that spooked investors, saying that Tesla stock could theoretically fall to $10 per share under the worst-case scenario, CNBC reports.

 

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