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Tesla’s Stock Crashes as Wall Street Predicts Armageddon

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By CCN: Tesla’s stock is down another 6% today, the sixth consecutive session TSLA shares have fallen. It is now down 40% year-to-date. Tesla Car Price and Stock Price Are Both Falling Tesla’s stock is getting hammered today because of the company’s announcement that it is cutting prices on older model S and X vehicles. Merrill Lynch put out a note expressing concern that sales on those models have peaked and are losing market share to its own Model 3. Analysts are starting to get a clue that Tesla’s stock has always been a sucker’s bet, with Morgan Stanley lowering

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