Once you have seen the news, you have probably asked yourself what makes TESLA’s stocks going down? Don’t worry, you are not the only one that is thinking about this situation.
If you are an investor, or just someone interested in the latest finance, investment, and money news, continue reading because you will get all the answers you need about TESLA’s stocks right here!
The truth is, Wall Street has definitely and increasingly turned bearish on TESLA’s stocks. The shares have dropped even below the $200 threshold! That definitely told a lot about the company’s center and front…
All in all, when we take a look at the conclusions and statistics of the analysts, we are able to see how TESLA should expect a potential bear case for its company.
Approximately 16 analysts have decided to cut all those price targets in the previous month. Downgradings of the stocks were included as well. Were they able to make some conclusion about TESLA’s stocks future? Yes, they did. These analysts have claimed how they were once very optimistic about TESLA, but they also said how they shouldn’t feel that way anymore.
How is that possible? Why have they become so pessimistic suddenly? The truth is, Tesla can expect to find itself in a situation where their lower price share will at some moment probably contribute to some sort of a deterioration of its employee morale. What does that mean? We must admit how such news sound confusing to us as well. Yet, one is certain. That means how both business partners, like governments and suppliers, and customers will experience a highly increased counterparty risky situations and events.
When it comes to Tesla and its stock, now, the predictions are not optimistic. Yet, we can also say how these are just predictions and how Tesla can experience a turnaround in ”a second”.