Tesla: The Bears Just Won’t Let Go

Tesla (TSLA) has gained 43% this year, but if you expect that to make the bears throw in the towel on their gloom and doom, you’re sorely mistaken. In fact, they’re getting even more bearish.

Case in point: JPMorgan’s Ryan Brinkman and team, who lowered their Tesla price target to $185 from $188, despite the recent gain. They explain why they’re sticking to their guns ahead of Tesla’s earnings release scheduled for May 3:
Source: Barrons

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