Home Blockchain News Barclays Slashes Tesla Target to $150 after Musk’s Unconvincing ‘Hyperbull’ Robotaxi Pitch

Barclays Slashes Tesla Target to $150 after Musk’s Unconvincing ‘Hyperbull’ Robotaxi Pitch

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By CCN: The spate of bad news regarding Tesla seem to be unending. The electric car maker’s price target has now been trimmed by Barclays from $192 to $150, according to CNBC. Barclays argues that demand for Tesla’s products are either declining or stagnating. Specifically, the financial institution has stated that demand for Tesla’s mass-market car, the Model 3, is facing stagnation in the U.S. Barclays also noted that the firm’s solar storage installations have been recording declines in the last two quarters. Solar installations are done by the electric car maker’s subsidiary, SolarCity. One million tesla robotaxis by 2020?

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* First published on ccn.com

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