Today, JP Morgan came out and finally issued a note that acknowledged what it seems that everybody has already realized: that funding for a Tesla go private bid has not, in fact, been secured. To add insult to injury, J.P. Morgan lowered its price target on the name by about 30% to $195.
After Friday's plunge in Tesla shares following the publication of a bizarre interview in the NYT with CEO Elon Musk which revealed the state of his emotional breakdown, Tesla shares are down another 6% this morning, trading in the $280's in the pre market...
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