Tesla car price and stock price are both declining
Tesla's stock is being hampered today due to the company's announcement that it reduces the prices of older model S and X vehicles. Merrill Lynch expressed concern that sales on these models have peaked and loses market share to their own model 3.
Analysts are beginning to feel that Tesla's stock has always been a sucker while Morgan Stanley lowers worst case scenario price target for $ 1
"Our revised carrier case assumes that Tesla misses our current Chinese volume forecast by about half to account for the highly volatile trading situation in the region, especially around technological areas we believe
Citi lowered his Tesla share price target to $ 36:
"The latest capital increase was a positive step but will not necessarily get the balance out forest, if Tesla cannot reach FCF goals. So, the recent reported internal note, which apparently questioned prior guidance, did not help the risk / reward calculation. The implications can be serious, as a car manufacturer's balance is always subject to the "spiral" risk. "
Tesla honeymoon is over
Tesla's warehouse had foggy gravity for years, even as problems with its cars mounted. cars spontaneously burst into flames to drive motorists for production delays and lack of parts, Tesla and Elon Musk managed to write over all these issues.
Once again, things took a turn when Tesla's money was burned with it, forcing the company to take out additional funding a few weeks ago after reporting a catastrophic loss of $ 702 million in the first quarter, a 30% fall in quarterly vehicle deliveries over the previous quarter.
Some of this fall is the result of the $ 7,500 tax credit being cut in half, again proving rent-seeking Elon Musk built his empire on the back of public subsidies.
Consumer Reports Eviscerated Elon Musk
Then, a high-profile scolding from Consumer Reports that beat Elon Musk and Tesla to put investors over security seemed to stick:  "We have heard promises of self-propelled vehicles just around the corner from Tesla before. Requirements for business automation systems and security are not supported by the data, and it seems that today's presentations had more to do with investors than consumer safety. "
Elon Musk has been able to sweep all Tesla's problems under the blanket with the help of haucanic water carriers, who insisted that TSLA be valued as a technical stock and not as a producer with endless problems.
The Tesla competition is also warming  It's not just internal issues that have killed Elon Musk, the rest of the automated world is the shark that chases its tail, as companies like BMW continue to pursue their own electric cars.
It seems that Wall Street finally awakens to the scam that the Tesla stock is and that Elon Musk is no longer the Teflon boss.