Tesla Stock Slides Again As RBC Slashes Price Target By $120

Topline

Tesla stock is getting hammered again this week, as shares of the electric vehicle maker led by the world’s richest man, Elon Musk, faced further pressure from Wall Street as Musk grows embedded in the White House and questions swirl about Tesla’s brand reputation globally and its standing in its crucial Chinese market.

Key Facts

Shares of Tesla dropped 5% to $225.31 Tuesday, building on Monday’s 5% dip as the stock appears poised to decline for a ninth consecutive week.

Tuesday’s drop came as Musk’s firm faced yet another ding from Wall Street analysts.

RBC Capital Markets analyst Tom Narayan cut his price…

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