Tesla Stock Tanks After ‘Disjointed’ Investor Day Draws Mixed Reviews

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Tesla stock tanked Thursday after the company’s highly anticipated investor conference largely fell short of Wall Street’s hopes.

less expensive model, with Musk instead focusing on his grandiose vision for a solar and battery-powered global future.

What Tesla presented Wednesday was “long-term focused, somewhat disjointed and fairly technical,” Bernstein analyst Toni Sacconaghi wrote in a Thursday note to clients, maintaining his $150 price target for Tesla, indicating 21% downside. “Most important” was the omission of any information on a cheaper Tesla vehicle, according to Sacconaghi, predicting the company won’t be able to produce a less expensive car at scale before 2025, and will need to cut prices on its existing models in the interim to meet growth targets .

 

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Great time to buy !!

Good time to buy Tesla.

I'll have to watch the full thing again, but seemed very coherent to me. Strange reaction.

blockheads of wall street someone should make that movie On a serious note, there's a lot to analize, I don't envy all the financial people, who have no idea what to make of all this.

Wall St never understood the company. This is just another episode of that. As it plays out, their eyes will open.

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