Tesla Stock Forecast: Despite market's advance, TSLA gets ignored near $210 support level on Friday

hands

stock a Reduce rating and price target of $146. Tesla stock is consolidating right on top of $210 support level. analyst says too much of Tesla growth story comes at end of decade. President Joe Biden supports UAW attempt to unionize Tesla factories. Tesla stock is doggy-paddling just under an important support zone on Friday, and should it give way, shareholders could experience a 24% drop to long-term support.

analyst Michael Tyndall surprised shareholders on Thursday with his Reduce rating on top of a $146 price target. Tyndall’s research did not treat Tesla as a poor investment, and in fact he admitted that Tesla largely fulfills its ambitious promises over the long run. The problem, as Tyndall sees it, is that Tesla’s valuation appears to be based on several major investments that won’t acrue tothe bottom line until the end of the decade.

weekly chart

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HSBC starts Tesla stock coverage at Sell, sees 35% downside risk; Shares dipHSBC starts Tesla stock coverage at Sell, sees 35% downside risk; Shares dip
Source: Investingcom - 🏆 450. / 53 Read more »

Sell Tesla Stock, Says Analyst. There Is 34% Downside.Thursday, HSBC launched coverage of Tesla stock with a Sell rating and $146 price target.
Source: MarketWatch - 🏆 3. / 97 Read more »

ExxonMobil passed Tesla as the most shorted stock last monthAfter four straight months as the most-shorted stock, Elon Musk's EV maker moved into second place behind oil giant Exxon, while Apple came in third.
Source: therealautoblog - 🏆 528. / 51 Read more »

Sell Tesla Stock, Says Analyst. It Can Drop 34%.Thursday, HSBC launched coverage of Tesla stock with a Sell rating and $146 price target.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla's stock drops 4% after sell rating from HSBCTesla’s stock gets a sell rating from HSBC analysts
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla Stock Bulls and Bears: This Number Is What Separates ThemMost arguments about investing in the electric car maker boil down to something very simple.
Source: MarketWatch - 🏆 3. / 97 Read more »