Tesla shares are getting crushed in 2016 |Business Insider


Tesla shares are getting clobbered: they’re down almost 20% this year after dropping another 3% Tuesday to $191. That’s a far cry from their 2014 peak of nearly $300.

The latest dip is being chalked up to a research note from JP Morgan’s Ryan Brinkman, in which his team reduced its expectations for Tesla’s fourth-quarter earnings. (Compared with the rest of Wall Street JP Morgan is relatively bearish on Tesla: Brinkman’s target price is $180)

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s