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Tesla stock hits new 52-month low after analysts warn EV investors may start 'tossing in the towel'

Posted on AllSides April 18th, 2024
From The Center

Tesla stock has fallen to a new 52-week low just days before Elon Musk’s electric vehicle company is set to report full earnings for the first quarter of 2024. The company’s latest hit came early on Thursday morning when Deutsche Bank downgraded Tesla stock Thursday to a hold rating from a buy and lowered its price target to $129 per share from $189 per share. The firm had based its buy rating on hopes Tesla would unleash the “Model 2"—a $25,000 electric car—next year, which has been canceled as it...

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