Top analyst reworks Tesla stock price target amid global sales slump
Updated at 10:07 AM EST
Tesla shares extended their long run of declines in Monday trading after a series of weekend protests targeted the EV maker and CEO Elon Musk and a top analyst on Wall Street reduced his firm’s target price on the stock.
Tesla (TSLA) shares have shed more than $700 billion in market value since their mid-December peak and are now trading firmly south of their Election Day close, amid concern that Musk’s close ties to President Donald Trump and his role in the administration’s cost-cutting effort have eroded the EV maker’s global brand.
