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Tesla (TSLA) Target Cut to $400: Two Reasons Stock May Drop
Tesla (TSLA) Target Cut to $400: Two Reasons Stock May Drop
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The US stock market has struggled to start the year, with the Magnificent Seven group of companies being hit hard. Tesla (TSLA) faces a challenging road back, as its price target was recently cut to $400 due to two key reasons for the stock’s potential impending fall. The EV manufacturer has faced increased controversy throughout the year, with CEO Elon Musk’s shift into the political realm becoming increasingly divisive. Additionally, consumer protests globally have hindered Tesla’s growth and impact as an automaker. However, its technology and robotics future could still salvage its trajectory.
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