"The Decline of Tesla Stock: What's Behind the Fall?"

Tesla stock fell for a third consecutive day following a Wall Street downgrade and discouraging commentary from electric vehicle news source Electrek. Long-time Tesla bear GLJ Research announced a "Street-low" price target on Tesla stock, while Electrek reported that Tesla is canceling the Model 2, despite Elon Musk's initial denial. GLJ Research predicts an 85% drop in Tesla stock over the next 12 months, but some analysts believe Tesla will still earn more than $8 billion this year, making it hard to label the stock as a sell.