BofA Cuts Its Price Target For Tesla Shares By 22 Percent Even As China Sales Begin To Offer Some Hope

The Tesla brand is in a maelstrom these days, buffeted by the growing political role of its CEO - which has only served to introduce partisanship into Tesla's sales calculus - and intense competition out of China. Tesla is trying to boost its anemic sales by introducing refreshed versions of its Model 3 and Y. Moreover, later this year, the EV giant is expected to debut a more affordable hatchback, dubbed Model Q. Tesla $TSLA registered 12,400 new vehicles in China last week—almost twice as many as the week before—boosted by the refreshed Model Y launch. The updated Model Y […]