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Wajeeh Khan

Dan Ives Just Slashed His Price Target on Tesla Stock By 43%. How Should You Play TSLA Here?

Tesla (TSLA) shares are down nearly 6% as of this writing after analyst Dan Ives of Wedbush Securities trimmed his price target on the electric vehicle manufacturer by a concerning 43%. 

CEO Elon Musk’s involvement in politics has created a “brand crisis” that, together with an emerging trade war, could mean significant continued pressure on TSLA, he told clients in a new research note. 

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