This morning, JPMorgan Chase issued a note to clients, reducing their price target for Tesla shares from $308 a share to $195 a share. And Tesla shares are down significantly on the news. This is the clearest indication yet of a shift in sentiment on Tesla, that investors should see as a broader risk-off marker more generally.
The way I am seeing this price target downgrade for Tesla is as a warning about potential dilution for Tesla shareholders rather than a warning of default or anyt...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.