Dan Ives' Wedbush Securities slashed its 12-month price target for the stock from $550 to $315 — a 43% cut.

Tesla shares have plunged 50 per cent from their record high on Dec 17. Read more at straitstimes.com. Read more at straitstimes.com.

slashed its 12-month price target for Tesla stock from $550 to $315, a 43% reduction — though still above its current price of $239. "Tesla has essentially become a political symbol globally ...