Slashing its price target for Tesla Inc (TSLA.O) from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had the funding for a plan announced by tweet just under two weeks ago. Analysts from the U.S. bank had upped its forecast from $198 to $308 after a surge in Tesla stock following Musk’s tweets on Aug. 7 but its analysts said they now thought the deal was a long way from completion. The median price target of the Wall Street analysts covering Tesla is $336. …read more
Source:: Yahoo Finance
