Barclays says Tesla is ’stalling as a niche automaker’

Barclays says Tesla is ’stalling as a niche automaker’

Barclays cut its price target on Tesla on Thursday. The firm said Tesla is ’stalling as a niche automaker’, and cut its 12-month price target to $150 from $192. ’Model 3 demand is stagnating in the US, the company still doesn’t have a path to significant auto profitability and solar storage installations have declined sequentially over the past two quarters’ said the supporting report.

Simone
Simone
Hannibal
Hannibal 1 year

No kidding. In the words of one brilliant fund manager, "It's a cult. And you can't short a cult."

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