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SVTPerformance's Chain of Restaurants
Road Side Pub
Tesla -- Take Your Profits
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<blockquote data-quote="Weather Man" data-source="post: 16486288" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Tesla blows off three weeks of gains with 17% drop</strong></span></p><p>Sep. 8, 2020 10:16 AM ET|About: <a href="https://seekingalpha.com/symbol/TSLA" target="_blank">Tesla, Inc. (TSLA)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) is down 17.20% to mark its biggest one-day drop since March. Of course, shares are still up dramatically for the year.[ATTACH=full]1661634[/ATTACH]</p><p></p><p>Wall Street analysts are taking the drop in stride, with the average price target of <a href="https://seekingalpha.com/symbol/TSLA/ratings/sell-side-ratings?s=tsla" target="_blank">$296.79</a> implying that there is still more downside to be had. Bernstein is the most vocal today, with a reiteration of its Underweight rating due to valuation. For his part, Elon Musk <a href="https://seekingalpha.com/news/3567716-elon-musk-downgrades-tesla-updated" target="_blank">tweeted</a> that Tesla's share price was too high way back in May when they were are at a split-adjusted level of around $140.</p><p></p><p>Tesla is down almost 30% for buyers that joined the party at the top price of $502.49.</p><p></p><p>Looking ahead, Tesla is holding a highly-anticipated Battery Day event on September 22 in what could certainly be a catalyst for the EV stock.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16486288, member: 137766"] [size=6][b]Tesla blows off three weeks of gains with 17% drop[/b][/size] Sep. 8, 2020 10:16 AM ET|About: [URL='https://seekingalpha.com/symbol/TSLA']Tesla, Inc. (TSLA)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) is down 17.20% to mark its biggest one-day drop since March. Of course, shares are still up dramatically for the year.[ATTACH=full]1661634[/ATTACH] Wall Street analysts are taking the drop in stride, with the average price target of [URL='https://seekingalpha.com/symbol/TSLA/ratings/sell-side-ratings?s=tsla']$296.79[/URL] implying that there is still more downside to be had. Bernstein is the most vocal today, with a reiteration of its Underweight rating due to valuation. For his part, Elon Musk [URL='https://seekingalpha.com/news/3567716-elon-musk-downgrades-tesla-updated']tweeted[/URL] that Tesla's share price was too high way back in May when they were are at a split-adjusted level of around $140. Tesla is down almost 30% for buyers that joined the party at the top price of $502.49. Looking ahead, Tesla is holding a highly-anticipated Battery Day event on September 22 in what could certainly be a catalyst for the EV stock. [/QUOTE]
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Tesla -- Take Your Profits
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