image: REUTERS/Lucy Nicholson

Tesla nears three-month low as JPMorgan adds to deal doubts

August 20, 2018

Via: Reuters

(Reuters) – Tesla Inc (TSLA.O) shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase’s (JPM.N) price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.

Slashing its price target for Tesla Inc (TSLA.O) from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had funds for a plan announced by a tweet that said “funding secured” two weeks ago.

Read More on Reuters