Stock market today: Latest news
Tesla’s stock slid Monday after an analyst at Wedbush Securities raised concerns about its ability to meet production goals and amid fresh worries over the safety of Autopilot, the company’s semi-autonomous driving feature.
Shares fell nearly 3% to $205.36 on Monday. On Sunday evening Wedbush’s Dan Ives cut his price target for Tesla, writing: “[With] a code red situation at Tesla, Musk & Co. are expanding into insurance, robotaxis, and other sci-fi projects/endeavors when the company instead should be laser focused on shoring up core demand for Model 3 and simplifying its business model and expense structure in our opinion with headwinds abound.”
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