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Why Tesla Stock Keeps Falling [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Long-time Tesla bear GLJ Research announced a "Street-low" price target on Tesla stock today, saying the $155 stock is worth less than $23 a share. At the same time, Electrek reported that regardless of what Elon Musk says , Reuters was right when it reported that Tesla is canceling the Model 2. What's up with Tesla's cheap Model 2 EV? You know the story. Early in April, Reuters reported that Tesla "canceled" plans to build the inexpensive electric car commonly called the "Model 2." With characteristic subtlety, Musk disputed the report: But now, Electrek is backing up Reuters' report -- mostly. The Model 2, says Electrek, has indeed been "effectively scratched" and "completely defunded." Instead of the Model 2, Tesla is going all-in on its "robotaxi" self-driving car, pouring resources into building a "giant data center" to support robotaxi operations. Is Tesla stock a sell? You can argue all day over whether "effectively scratched" and "completely defunded" equals "canc
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