Tesla more likely to end up a ‘niche’ car maker, analysts say - MarketWatch

Tesla more likely to end up a ‘niche’ car maker, analysts say MarketWatch

THE RATINGS GAME By Claudia Assis Barclays analysts cut their price target on Tesla, say Model 3 demand is stagnating in U.S. A Tesla charging station in California. Getty Images Tesla Inc. is more likely to become a “niche luxury” car maker than a mass-market one, analysts at Barclays said in a note Thursday. The analysts cut their price target on Tesla (TSLA) stock to $150 from $192, implying a 20% downside to Thursday’s share price. Tesla shares fell nearly 2% on Thursday, bringing monthly losses to 21% as the company has been beset by Wall Street criticism in recent weeks. See also: El...