Tesla Stock Couldn’t Snap Its Losing Streak. Why Its ‘Favorability’ Is a Problem.
Tesla stock couldn’t avoid a fourth day of losses on the Monday after the Super Bowl.
Consumer favorability ratings, steel tariffs, and even OpenAI might have unnerved investors.
Shares of the electric-vehicle maker dropped 3% closing at $350.73, while the S&P 500 and Dow Jones Industrial Average rose about 0.7% and 0.4%, respectively.
The drop came as Stifel analyst Stephen Gengaro cut his price target to $474 from $492 in a Sunday report. He maintained his Buy rating…Read Full Article