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Tesla's Titanic, or hit an iceberg
business company development development prospects energy storage energy storage system failed to ipo

John Lovallo, an analyst at Merrill Lynch, John Rovalo, has issued a research report questioning the development prospects of Tesla, the electric-car maker, and downgraded Tesla's target share price from $70 to $65. Tesla's current trading shares are at $203 a share, well below the 2014 peak of $291 trillion, but have risen significantly from the 17-dollar share price of the 2010 IPO. For some time, Rovalo has been less bullish on Tesla, the representative of Wall Street who thinks Tesla is overvalued. And ...

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