• Tesla stock bulls and bears react to Elon Musk's $700 billion crash. Here's what Morgan Stanley, Citi and others say could happen next

    6 days ago - By Business Insider

    Tesla CEO Elon Musk. Alex Kantrowitz
    Analysts aren't souring on Tesla despite a market rout that erased nearly $700 billion in value from its peak a year ago.
    In fact, even a noted Tesla bear upgraded the stock, saying it has likely bottomed.
    "We believe the year-to-date pullback has balanced out the near-term risk/reward," Citi analyst Itay Michaeli said.
    Tesla stock's nosedive has wiped out nearly $700 billion in market value from a year-ago peak, and Wall Street is starting to say enough is enough. In fact, even a noted Tesla bear has upgraded the stock to "neutral" from "sell," saying...
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