Why Tesla Stock Continued to Plunge Today
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Tesla's stock has fallen 50% over the past three months, continuing a losing streak with a 5.8% drop today. Analyst Vijay Rakesh from Mizuho has lowered his price target from $515 to $430, suggesting an 80% upside potential despite ongoing challenges like geopolitical issues and competition. Rakesh maintains a buy rating, emphasizing Tesla's leadership in the EV and self-driving markets, and notes potential catalysts like the upcoming Cybercab launch. Investors are advised to weigh current negatives against Tesla's long-term prospects.
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