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Tesla has long been the stock par excellence on the battlefield, a name that polarizes both badysts and investors. It's a pioneer in the field of electric vehicles, led by a controversial CEO, plunged into a legal battle and that arouses as much love as anger.
And its volatile price is a reflection of it.
Tesla fell 18% this year to $ 273.02 a share, closing slightly lower on Monday after badysts Morgan Stanley and UBS lowered their price targets. In January, shares climbed to $ 351.50 before plunging after the company announced the layoff of about 7% of its workforce.
In other words, equities are down about 27% from their peak in December after the "biggest drop in sales t / q ever recorded, announced price cuts and a reaction under -Just to the revelation of Model Y, "said UBS badyst Colin Langan customers on Monday.
"Given the volatility, we are vigilant about the next positive catalyst, but we do not expect a short-term scenario," said Langan, days after Tesla's first quarter results were below expectations.
Morgan Stanley, for its part, reduced its price target for the third time in as many months.
"The fundamental narrative around Tesla seems more murky than we have seen for several years," wrote badyst Adam Jonas. "Signs of weakening demand have long raised questions about the company's ability to fund itself as an independent business."
But these are just two perspectives. Here are some of Tesla's other widely-tracked badysts, with their price targets, investment ratings, and some notable quotes from their latest investor notes.
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