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Tesla price target cut for 5th time in 4 months

Credit: Rumble
Published on May 7, 2019 - Duration: 00:43s

Tesla price target cut for 5th time in 4 months

RBC Capital Markets analyst Joseph Spak cut his Tesla price target for the fifth time this year.

Tesla's gross margins were worse than previously thought, Spak said in a report on Monday.

The electric-car maker's capital raise announced last week was needed, but "could have been done earlier from a greater position of strength," the analyst said.

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