Tesla Motors (TSLA) PT Cut 37% to $195 at JPMorgan as Funding Does Not Appear Secured
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/2/2026
- Wall Street closes sharply lower as AI cash burn fears spark tech selloff
- Amazon burns cash, Intel flags weak PC demand as AI boom's costs ripple across markets
- Bitcoin, cryptocurrency prices fall after Binance reports security issue
- Higher yields now hurting AI stock bull as bond markets police capex: BofA
- Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran
Tweet
Share
E-mail
Get Alerts TSLA Hot Sheet
Rating Summary:
31 Buy, 26 Hold, 15 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 13 | New: 8
Join SI Premium – FREE
JPMorgan analyst Ryan Brinkman slashed his price target on Tesla Motors (NASDAQ: TSLA) to $195.00 (from $308.00) while maintaining an Underweight rating said it appears 'funding has not been secured'.
"Our interpretation of subsequent events leads us to believe that funding was not secured for a going private transaction, nor was there any formal proposal," the analyst commented.
The analsyt added that while Tesla does appear to be exploring a going private transaction, they now believe that such a process appears much less developed than they had earlier presumed.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Garmin Ltd. (GRMN) PT Raised to $230 at BofA Securities
- Carter's (CRI) PT Lowered to $28 at BofA Securities
- Honeywell Aerospace Inc (HONA) PT Lowered to $170 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, Hot CommentsRelated Entities
JPMorgan, TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
