Tesla's Wall Street Darling Abandons Ship: Analyst Slashes Price Target in Shocking Pivot

In a significant shift, Dan Ives of Wedbush Securities has dramatically reduced his price target for the stock, slashing expectations from $550 to $315. This substantial 43% downward revision signals a notable change in the analyst's outlook, potentially reflecting evolving market conditions or company-specific challenges.
The steep price target cut underscores the volatility and uncertainty currently surrounding the stock, suggesting investors should carefully reassess their investment strategies. Ives' dramatic adjustment could prompt broader market recalibration and increased scrutiny of the company's performance and future prospects.