Tesla shares lower in NASDAQ trading: HSBC gives Tesla a thumbs down

Tesla shares come under the radar of investors on Thursday.

Tesla shares, launched by the major British bank HSBC with “Reduce” and a price target of $146, temporarily fell 6.37 percent to $207.97 on the NASDAQ. Analyst Michael Tyndall is particularly concerned about the schedule for deliveries of electric cars. The electric car maker’s ambitions for 2030 are excellent, but there is a lot of uncertainty around the timing and commercialization of the “various ideas”. CEO Elon Musk On the one hand it is an “asset”, but on the other hand it is also a risk.

NEW YORK (dpa-AFX)

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