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

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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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