Longtime Bull Dan Ives Just Slashed His Price Target on Tesla -- Shares Are Falling

Shares of Tesla (NASDAQ: TSLA) traded close to 6% lower as of 10:31 a.m. ET today, but had traded as much as 10.5% down before broader market volatility set in, causing volatile swings in shares. Longtime bull Dan Ives, an analyst at Wedbush, slashed his price target on the electric carmaker by 43%, while maintaining a buy rating.Ives, who formerly had the highest price target on Wall Street, lowered his expectations on Tesla's stock from $550 per share to $315, which still implies significant upside from current levels, although shares of Tesla are off some 42% this year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool