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Benzinga
Benzinga
Business
Shanthi Rexaline

Tesla A 'Cornerstone Holding' — But Usually-Bullish Analyst Cuts Price Target Again Anyway

Tesla, Inc. (NASDAQ: TSLA) shares have not been spared in the marketwide selloff seen so far this year. In a further blow, an analyst known for being bullish on the EV maker lowered his price target on its stock.

The Tesla Analyst:  Piper Sandler analyst Alexander Potter on Tuesday maintained his "overweight" rating on Tesla stock, but reduced the price target from $1,260 to $1,035.

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