Tesla Stock Investors Got a Double Dose of Bad News After the Feud Between President Trump and Elon Musk

Tesla (NASDAQ: TSLA) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.One reason for the pessimism is the recent falling out between CEO Elon Musk and President Trump. Their relationship unraveled in a heated exchange of threats and insults earlier this month after Musk criticized the tax and spending bill currently in the Senate. But Tesla shareholders recently got some more bad news.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool