Tesla shares tumble, on track for worst month ever

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Tesla delivers lump of coal, but Canaccord still positive on the 'sustainability behemoth'

December 22, 2022 3:46 PM EST

Canaccord analyst George Gianarikas cut the firm's price target on Tesla (NASDAQ: TSLA) shares to $275 from $304, maintaining an Outperform rating in a note on Thursday.

The analyst was critical in his assessment of the stock's recent performance. It has declined further on Thursday, currently down more than 8%, after a more than 60% decline this year. He stated that "in an ironic twist, the company most... More