A Tesla bull turns bearish, and warns EV maker could lose money this year

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Tesla Inc. shares on Wednesday headed for their lowest in nearly a year after a known Tesla bull cut his price target on the stock and warned that the company could post a loss this year based on GAAP accounting.

EV demand continues to slow despite repeated price cuts, companies are dumping EVs from their fleets, and hybrids compete for the “marginal EV buyer,” Morgan Stanley analyst Adam Jonas said in his note.


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