Wall Street’s biggest Tesla bull just raised the white flag, blaming Elon Musk for slashing his price target nearly by half

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Wall Street’s biggest Tesla bull just raised the white flag, blaming Elon Musk for slashing his price target nearly by half - Fortune

Quick Summary:

"The demand destruction for Tesla and brand damage is real," wrote Wedbush Securities analyst Dan Ives.

He justified the new $315 target with a steep downward revision of his estimates for Tesla vehicle deliveries for 2025 all the way through to 2030, reducing them by an average of more than a fifth.

It looked as if it finally snapped, after Wall Street’s most reliable Tesla bull slashed his price target nearly in half, blaming the polarizing CEO for poisoning the well.