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Canaccord Cuts Tesla Price Target, Suggests New Company Leadership

Now that the deal to take Tesla, Inc. TSLA private is officially off the table, the focus for Tesla investors is back on the company’s Model 3 production, its goal of profitability in the third quarter and its precarious financial situation. One analyst says the “funding secured” drama is yet another sign Tesla might new leadership going forward.

Canaccord Genuity analyst Jed Dorsheimer reiterated his Hold rating for Tesla and lowered his price target from $336 to $316. Source

Sideways still holds.

$TSLA, Tesla, Inc. / D

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