Scalper1 News
Tesla Motors (TSLA) shares fell Monday as JPMorgan cut its price target on the luxury electric car maker, citing a slower-than-expected Model X SUV crossover rollout later this year. JPMorgan analyst Ryan Brinkman increased his Q1 adjusted loss forecast as the stronger dollar offset Tesla’s higher-than-expected Q1 Model S deliveries. Also, he expects Tesla to deliver just 50 Model X crossover SUVs in the third quarter, down from his prior target Scalper1 News
Scalper1 News