Shares of Tesla sank more than 9% on Thursday after the company reported mixed results for the second quarter. Now, some Wall Street analysts are making the case that it's just the beginning of a nightmare for Elon Musk and company.
David Trainer, CEO of the investment research firm New Constructs, believes Tesla is worth just $26 per share after its latest earnings showed deteriorating margins and waning demand. That’s roughly a tenth of the EV giant’s Thursday closing price.
