"Analysts Predict Further Decline for Tesla Stock Despite Bullish Outlook"

Tesla, once a symbol of future automaking, is now the worst performer in the S&P 500, down nearly 32% this year. Analysts from Wells Fargo and UBS predict further decline, citing flat growth and increased competition in the electric vehicle market. Tesla's stock, despite a 60% drop from its 2021 high, is still considered expensive, and price targets have been lowered, with Wells Fargo predicting a 25% decrease in value.