Tesla stock bulls and bears react to Elon Musk’s $700 billion crash. Here’s what Morgan Stanley, Citi and others say could happen next
Analysts aren’t lamenting Tesla despite a market rout that wiped nearly $700 billion in value from its peak a year ago. In fact, even a renowned Tesla bear improved on the stock, saying it had probably bottomed out. “We think the year-to-date pullback has offset the near-term risk/reward,” said Citi analyst Itay Michaeli. Loading Something …