Former Tesla bull makes $10 worst case call on China worries
A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory, China, Jan. 7, 2019. REUTERS/Aly Song/File Photo/ (Reuters) - One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars. Shares of Tesla edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst Adam Jonas outlined his worst case scenario. Jonas forecast the shares ...
Click
To Read Full Article