Tesla shares decreases by 45 % of the record, which is the “moment of intestinal examination” that doubles the Wall Street Bulls multiplies
Tesla (Tesla (TSLA) has decreased approximately 11 % this week, which led to its losses from a record approaching about 50 % as it continues to see the post -election rally fading.
Near: March 7 at 4:00:00 pm EST
This decrease in the shares of EV Carmaker, a Wedbush analyst, Dan Evs – one of the largest bulls in Tesla in Wall Street – pushed a strong defense of the shares, while doubling his upward views during what he calls “the moment of intestinal examination of Tesla’s intestine (including ourselves).”
In a memorandum of customers published late Thursday, IVES “The Time” wrote to defend the stocks, adding Tesla to the company’s “best ideas” list of the company and repeating its superior classification and targeting the price of $ 550 on the name.
Evis’s call came after Tesla fell by 5.7 % on Thursday, a step that followed others on the street, saying that CEO Elon Musk’s controversial association with the Trump administration was spoiling feelings on the stock.
Tesla closed with more than $ 479 on December 17. The shares have decreased by approximately 45 % of that high, and ended from the trading session on Friday by about 263 dollars, the lowest closure price since November 5.
“There were several times in the story of Tesla over the past decade that negative feelings and fears in the streets have overwhelmed the narration of this unique global technological story,” she wrote.
From the moments of the white joint production in 2017/2018 to funding fears in the Musk/Twitter Soap in 2022 … Now, Tesla Bulls finds itself with its back on the wall that faces global negative feelings about Musk/Doge and Trump Administration.
“This is the moment the digestive canal is examined for Tesla Bulls (including ourselves) after this huge sale in Tesla shares with fears escalating.”
Evis holds the highest target price for Tesla between 48 of the Wall Street analysts followed by Yahoo financing. On average, Wall Street analysts have $ 346 per share for the arrow for the next 12 months. The shares closed trading sessions on Thursday at $ 263.
Tesla Stock recorded in February the largest decrease so far.
The stocks abandoned all its gains that followed the election of Donald Trump. Musk has become one of Trump’s main alternatives in the campaign trail in the last months of the 2024 elections.
From IVES, the MUSK invasion in politics puts less than 5 % of the global Tesla sales of risk despite what IVES calls “the global narration of Musk”.
“It is important, we expect Musk to balance his time between Doug and Tesla/Spacex over the past 2025, and some of these distraction problems will fade. We still believe that the best thing that happened ever for Musk and Tesla was Trump at the White House.
