Tesla stock price target cut by a third as Model 2 is needed to 'right the ship,' analyst says

Dec 20 2022 by Business Insider

 
Elon Musk.

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Evercore ISI slashed its price target on Tesla stock to $200 from $300, according to a Tuesday note.  The firm said it wants to see Tesla launch a Model 2, which is envisioned as a lower-cost EV. Tesla stock has plunged more than 60% from its November 2021 high.

Evercore ISI slashed its target price for Tesla stock on Tuesday, citing demand concerns as well as declining market share in Europe and China. 

Analysts cut their target to $200 from $300,...

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