Wells Fargo Analysts Warn of Over 50% Downside Risk in Retail-Driven Tesla Stock Rally

Herbert Ong@herbertong

2 years ago

🚨 Wells Fargo: $TSLA rally driven by ‘retail puppy love’ and won’t last • Tesla's recent stock rally is seen as driven by temporary optimism and hype rather than strong fundamentals, according to Wells Fargo. • Analyst Colin Langan from Wells Fargo kept an underweight… https://t.co/BstSeUizRU

CNBC@CNBC

2 years ago

Tesla rally driven by 'retail puppy love' and won't last, warns Wells Fargo https://t.co/xcgzKBzy0b

The Inner Circle Trading Group DP David Prince@epictrades1

2 years ago

$TSLA “We suspect a largely retail-driven rally has squeezed out shorts and forced long-only rebalancing. However, infatuated investors ignore the warning signs,” Wells Fargo analysts wrote. Underweight $120 PT