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Zenger
Zenger
Technology
Shanthi Rexaline

Battered Tesla Stock Could Cave In Further As Demand Stutters, Warns Bearish Analyst: ‘#TheTruthHurts’

On Gordon Johnson Gary Black MICHAEL SILUK Nasdaq Tesla Inc.
Tesla, Inc. stock lagged behind the broader market recovery on Monday and slid below the psychological support of $200. As the lean stretch seen since mid-July continues, one bearish analyst thinks the stock could hurtle down toward his price target of $24.33. MICHAEL SILUK/GETTY IMAGES

Tesla, Inc. (NASDAQ:TSLA) stock lagged behind the broader market recovery on Monday and slid below the psychological support of $200. As the lean stretch seen since mid-July continues, one bearish analyst thinks the stock could hurtle down toward his price target of $24.33.

What Happened: Tesla is the single greatest short in stock market history, going by the market capitalization lost, GLJ Research’s Gordon Johnson said in a post on X, formerly Twitter.

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