"To this point, in our 20 years of covering tech stocks on the Street we view this quarter as one of top debacles we have ever seen while Musk & Co.
Wall Street analysts polled by Bloomberg currently have an average price target of $296 for Tesla — about 26% higher than Friday's close. 12 of those analysts recommend buying the stock, with nine rating it neutrally and 15 rating it a sell. "We remain encouraged by Tesla's vision and future growth prospects , but there is increased uncertainty around near-term demand vs previous bullish forecasts and growth cannot stall for a growth company," Evercore ISI analysts led by Arndt Ellinghorst wrote in a note to clients out Monday.CEO Elon Musk, meanwhile, is still involved in a lengthy tussle with federal stock regulators.
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