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‘Code Red’ for Tesla: 80% Drop Forecasted as Stock Sinks to $192, a 30-Month Low

By CCN: Within one month, the share price of the Tesla stock has dropped by a staggering 27 percent as it plunged below the $200 level for the first time since 2016. The intensifying downtrend of the Tesla stock is said to have been triggered by a barrage of negative factors including CEO Elon Musk’s admittance of a cash flow issue at the company and the decline in the exports of its flagship models further fueled by the ongoing U.S.-China trade war. Can Tesla Survive “Code Red” Situation? Last week, Daniel Ives at Wedbush suggested Tesla, Musk & Co. are


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