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Risks to Tesla stock are piling up and investors should prepare for less upside ahead as 'disruption from inside' and a wave of negative headlines weigh on shares, says Jefferies

1 month ago   |   By Business Insider

Tesla CEO Elon Musk walks in front of a Model Y image in Shanghai. Aly Song/Reuters
Jefferies cut its price target on Tesla to $1,050 from $1,250 on Thursday, seeing less upside to the EV maker's stock.
The investment bank said it's "witnessing an uncomfortable pile up of negative news" surrounding Tesla CEO Elon Musk.
Tesla shares have lost more than 30% this year but gained ground during Thursday's session.
Tesla 's price target was cut by 16% at Jefferies on Thursday, citing heightened governance risks surrounding CEO Elon Musk as a reason it's seeing less potential upside for the...
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