Tesla Under Investigation: Will It Drop to 350 With More Trouble Ahead?
Bank of America analyst John Murphy downgraded Tesla to Neutral from Buy, claiming that most of the EV maker's upside has been recognized since the firm upgraded shares back in April of last year. Since then, Tesla shares are up over 60%, though most of that run-up has come after President Trump’s election win in November.
On Tuesday, NHTSA announced that it has launched an investigation into nearly 2.6 million Tesla vehicles.
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Are you still holding Tesla or waiting for a chance to buy in?
What's your target price as Tesla is struggling at $400?