Tesla stock continues to struggle
According to Reuters, Shares of Tesla Inc were on track for a fifth straight session of losses on Tuesday, as Morgan Stanley analysts outlined a worst case scenario that could see the electric carmaker’s stock price fall as low as $10.
Tesla’s stock, which has almost halved in value since last August, was down another 3% at $199. In the last 10 days, it has gained only once, when the company boosted prices of its Model 3 sedan last week.
