Tesla’s Stock Is on the Brink of Disaster as Growth Gets Shorted Out

By CCN: Tesla investors are having a forgettable year as the stock has made them poorer by more than 30%. The Elon Musk-led company’s stock fell to two-year lows earlier this week. But independent investment banking advisory firm Evercore ISI believes that the bloodbath isn’t done yet and has lowered its stock price target to $200 from $240. This represents a 13% drop from Tesla’s current stock price. The Wheels Are Coming Off Tesla’s stock has been hammered this year as investors and analysts have recognized that the electric vehicle

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