Experts note that Tesla Inc shares fell almost 3 percent early on Monday, August 20. This came after analysts at JPMorgan Chase slashed its price target. Experts doubt the company's future prospects.
JPMorgan Chase cut Tesla Inc stock price target to $195 from $308. Analysts are uncertain about the ability of Elon Musk, the CEO of the company, to finance projects further.
Earlier, analysts from the largest US bank upped their forecast from $198 to $308 after a surge in Tesla stock price. This was caused by a tweet posted by Elon Musk on August 7, in which he expressed an opportunity of delisting. Experts are sure that the Tesla founder does not have money to take the company private.
