Tesla shares fall after analyst says Elon Musk distracting carmaker with ‘sci-fi projects’

www.cnbc.com/2019/05/20/wedbush-tesla-facing-code-red-but-management-not-focused-on-model-3.html

Tesla is “expanding into insurance, robotaxis, and other sci-fi projects/endeavors when the company instead should be laser focused on shoring up core demand for Model 3,” Wedbush says.

Wedbush cut its price target on Tesla shares to $230 from $275.

The firm believes Tesla reaching its end of the year is “going to be a Herculean task.”

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