Tesla shares fall to annual lows – analysts lower their price targets

Tesla shares fall to annual lows – analysts lower their price targets
Elon Musk

The expectations of the Tesla boss and his company are high.

(Photo: Reuters)

Düsseldorf Tesla stock has always oscillated between extremes. For a long time, the upward trend seemed to know no bounds. Now the trend has turned: the car manufacturer’s shares are falling and cannot be stopped.

On Thursday, the papers fell by nine percent at the top and reached a 16-month low at $ 202. Since the all-time high last November, the price has more than halved.

The disappointing company figures for the past third quarter are the trigger for the current slide in prices. According to information from the financial service Refinitiv, at least six analysts have already lowered their price target.

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