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Benzinga
Benzinga
Business
Shanthi Rexaline

What Does The Recent String Of Tesla Price Target Cuts Suggest?

Nasdaq Elon Musk Shanghai Wedbush

As Tesla, Inc. (NASDAQ:TSLA) stock tumbled to a 10-month low, bullish sell-side analysts who had rallied behind the company and saw it as one waiting to explode began to backtrack.

Some of them still remain committed to their Buy ratings but have tempered their expectations concerning the electric vehicle stock's trajectory.

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