Tesla shares are trading lower after analysts at Wells Fargo and Citigroup lowered their price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are trading lower following price target reductions by analysts at Wells Fargo and Citigroup.

April 12, 2024 | 1:20 pm
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Tesla's stock price has decreased after Wells Fargo and Citigroup analysts lowered their price targets.
Analyst ratings, especially from prominent financial institutions like Wells Fargo and Citigroup, can significantly influence investor sentiment and stock prices. The reduction in price targets likely led to decreased investor confidence in Tesla, resulting in a lower stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100