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Wells Fargo Issues Warning: Tesla Stock May Plunge Over 60%, Maintains $120 Target Price
4 day ago /
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Author：小编
On Tuesday, Wells Fargo reiterated its "sell" rating for Tesla with a target price of $120 per share, signaling a potential decline of over 63% in the company's stock price. The report highlighted that Tesla continues to grapple with significant challenges in key markets including North America, Europe, and China, where competition has intensified and political controversies persist. This target price represents a steep drop from Tesla's closing price of $326.40 on Wednesday.
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