October 21, 2020
Business News

Tesla could see shares reverse in fourth quarter, says major bear who has a $300 target on the stock – CNBC

Tesla shares could start to see a reversal in the fourth quarter after a huge rally this year, as the “flaws in the growth story” begin to show, according to one major bear. 
Barclays auto analyst Brian Johnson, who put a $300 price target on Tesla in February, questioned the outlook for the electric carmaker, despite the company posting second-quarter earnings that beat market expectations. 
First, he said that while Tesla CEO Elon Musk has promised “industry-leading” margins, according to it…

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