Comment on JPMorgan just raised its price target for Tesla — but it still expects a 48% crash in the stock

JPMorgan just raised its price target for Tesla — but it still expects a 48% crash in the stock

Elon MuskSlaven Vlasic/Getty ImagesTesla stock is down 7% since it reported third-quarter vehicle deliveries on Wednesday. JPMorgan sees the stock drifting even lower, by as much as 48% to its $130 price target.JPMorgan said Tesla is positioned to not grow full-year vehicle deliveries "for the first time in its history."JPMorgan raised its price target for Tesla stock — but the bank still sees shares of Elon Musk's electric carmaker falling almost 50% in the coming year.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News