"Decoding Tesla's Rollercoaster Stock: Expert Warns of Crash to $23"

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Source: Finbold - Finance in Bold
"Decoding Tesla's Rollercoaster Stock: Expert Warns of Crash to $23"
Photo: Finbold - Finance in Bold
TL;DR Summary

Wall Street expert Gordon Johnson predicts that Tesla's stock will crash to $23 due to lack of demand for electric vehicles, increased competition, supply chain issues, and potential lack of profitability. Despite this, the average analyst consensus forecasts a 15.74% upside for Tesla with a 12-month price target of $220.98. Most analysts recommend holding the stock, while some suggest buying or selling. Tesla's stock has been declining in various time frames, with a 23.14% decrease since the beginning of the year, but saw a 4.19% rise on Monday, January 29.

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