Still, Mr Black’s firm last week pared its Tesla holdings, and its price target for the stock to $US250 from $US290. In a separate post on X this week, Mr Black said: “We’ve been wrong on Tesla for three years now. It’s been our worst performing stock.
“We’ve tried to be conservative in our outlook but were wrong on our view that management would not cut prices, which have destroyed 2024 earnings power.”
Mr Black has repeatedly listed what he sees as a long list of…
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