Another analyst cut a target price for Tesla stock because car business fundamentals are “spoiling razzle-dazzle momentum.” The price target cuts are piling up. On Friday, Wells Fargo analyst Colin Langan cut his Tesla price target to $130 from $135.

Tesla shares edged higher in early Friday trading, but have lost nearly have of their value since mid-December, and a top Wall Street analyst suggests there could be more declines ahead tied to weakness in the group's core automaking business.

J.P.Morgan cut its price target on Tesla's stock as the brokerage expects a second straight year of lower deliveries, with analysts also pointing to a change in sentiment toward the EV maker from existing customers and potential new buyers.

Tesla backlash continues as the stock nosedives and Musk pushes conspiracy theories about protests and arsons at dealerships.

The president felt the need to do something after Tesla stock dropped 15.4% on Monday. Falling first-quarter delivery estimates helped push shares lower. Wall Street’s consensus

Although Elon Musk-led Tesla (TSLA) initially sourced to new record highs following the reelection of President Donald Trump, the last few months have been a nightmare for TSLA stock. Trading almost at a more-than-50% discount to its 52-week high,