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4 Reasons Not to Buy Tesla Stock Here

Anton Wahlman

Electric-car giant Tesla is trading nearly 4% lower at about $197.50 Wednesday as I write this, and here are four bad signs I see for the stock. The main reason for Wednesday's sell-off appears to be Citibank's decision to cut its "bear-case" price target for Tesla to just $36 a share one day after Morgan Stanley slashed its own bear-case estimate to just $10. Citi also cut its "regular" Tesla price target to $191 from a previous $238.