Tesla is in 'demand hell' ahead of its Model Y unveiling, Wall Street's biggest bear says (TSLA)
Thursday, 14 March 2019 () · *Tesla is mired in "demand hell" ahead of Thursday's Model Y unveiling, the most negative Tesla analyst on Wall Street said.*
· *The electric-car maker is facing waning demand in the US and China, said Vertical Group analyst Gordon Johnson, who has a $72 price target — 75% below where shares were trading Thursday.*
According to Business Insider, Tesla CEO Elon Musk said last fall, during a turbulent stretch for the electric-car maker, that Tesla was dragged from "production hell" to "delivery logistics hell.” Gordon Johnson, an analyst at New York-based Vertical Group, told Markets Insider on Wednesday, that...
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Credit: Wochit Entertainment Duration: 00:33Published
· *RBC analyst Joseph Spak dropped his price target on Tesla to $210 per share, over 20% below Friday's close.*
· *Spak cited expetactations of 'meager... Business Insider Also reported by •Proactive Investors •TechCrunch