Electric vehicle giant Tesla, Inc. (TSLA) in Austin, Tex., designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems. It was recently removed from the S&P 500 ESG Index. The stock has declined 12.9% in price over the past month and 33.8% over the past six months to close yesterday’s trading session at $758.26. In addition, it is currently trading 39% below its 52-week high of $1,243.49, which it hit on Nov. 4, 2021.
Wedbush and Daiwa Capital analysts slashed TSLA’s price target to $1,000 from $1,400 and to $800 from $1,150, respectively.
