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Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank

Teslastock isdroppingin Monday trading after a former bull trimmed hisprice target. What’s more, he’sraised price targetson the legacyauto makerstocks. The Monday dip and analyst flip is leaving bullish Tesla investors wondering what is up.Jefferies analystPhilippe Houchoiscut his Tesla stock-price target to $700 from $775. “Volatility, Bitcoin, and tweets brought noise but little fundamental change since we downgraded Tesla,” wrote the analyst in a Sunday report. There is much potential ahead,
Tesla Stock Target Cut by Analyst Because Old Auto Makers Have More in the Tank

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