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Why Tesla Stock Just Keeps Falling
Between a price target hike from Bank of America and some very positive news on electric car battery ranges, Thursday should have been a great day to own Tesla (NASDAQ: TSLA) stock — but it’s not working out that way. Instead of going up, Tesla stock is going down today, falling 4% as of 10:30 a.m. ET and extending a three-day slide that has already cost Tesla investors 12.5% since the start of the New Year. This morning, analysts at Bank of America raised their price target on Tesla stock to $1,300 a share, as StreetInsider.com reports.
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