Wells Fargo predicts Tesla stock to drop 50% due to challenges in EV market

From Barchart: 2025-03-19 15:28:47

Tesla stock has taken a hit recently, but Wells Fargo predicts it could drop even further in the future. Wells Fargo’s analyst has set a price target of $270, well below the current level of around $600. This news comes as Tesla faces challenges with production delays and increasing competition in the electric vehicle market. Investors will be keeping a close eye on Tesla’s performance in the coming months to see if it can bounce back from this downward trend.



Read more at Barchart: Wells Fargo Is Calling for Tesla Stock to Plunge Another 50%. How Should You Play TSLA Here?