TSLA Downgraded To New Price Target Of $800

Tesla stock price target has been cut to $800 from $1,150 at Daiwa Capital.

The stock has already fallen over 2.8% in pre-market trading. Some reasons behind this are the COVID-19 related lockdowns and supply chain concerns surrounding its Austin and Berlin plants. Daiwa also cut the 2022 earnings per share estimate to $9.30 from $12.00.

Today will interesting to see what happens to TSLA throughout the day.

As reported on the Dow Jones Newswires.