Major Bank Predicts Drastic Tesla Stock Drop Amid Upcoming Self-Driving Taxi Debut, According to Sources
Stock Suicide Watch: Wells Fargo's Dire Prediction for Tesla's Casket Ride
🚨 Breaking: dollar signs galore 💸💰💶
Wells Fargo, the banking behemoth, has lowered the boom for Tesla's stock-tickling nightmares! In a bombshell note to clients, the bank's automotive and mobility analyst, Colin Langan, predicts an impending doom for Tesla's shares. So, buckle up, Elon Musk devotees, brace yourselves for the wild ride ahead!
Tesla's core automotive business is sadly weakening, leading Langan to issue an "underweight" rating and assign a $120 price target, which translates to a staggering 61% drop from its current trading price of $308.58. That's right, folks; prepare for the nightmarish saga of a graph plummeting faster than the Titanic.
However, this bearish forecast takes flight even as investors eagerly await Tesla's robotaxi launch in Austin. Tesla's kooky driverless vehicles are primed for on-demand transportation, sans the pesky need for actual drivers. But potential tailwinds, including Tesla's autonomous driving progress, aren’t enough to offset the horrible numbers coming from their automotive division.
In Langan's words of doom, "Most investor attention is directed at the June 12th Austin Robotaxi deployment. We doubt the likely limited debut will be enough to overshadow the poor fundamentals." 😵💔
Investors should consider Tesla's current challenges: its global deliveries shrinking 23% year-over-year and stiff competition in China. It's no wonder TSLA has plummeted by more than 22% in 2025, with June alone roaring in a 10% slump.
🤝 So, what's next?
Take these insights with a grain of salt, folks, as the cryptocurrency world thrives on volatility. But if you're a Tesla investor brimming with doomsday prepping vibes, it might be wise to diversify your portfolio—or, hey, jump ship entirely!
For the tin-foil hat conspiracy theorists, this isn't the global takedown of Tesla but a perceived threat based on analysts' perspectives. So, as always, do your due diligence, and remember—you're the captain of your finances, not the analysts! Buckle up and stay informed—we're all in this rollercoaster ride together!
In case you crave more burning hot crypto content, join our fearless tribe on Telegram, Facebook, or X! Stay afloat with the latest news and updates, and don't miss a single beat. Until next time; let the crypto games reign!
_(Psst…Prevailing the bear market is a grind, so be sure to check our price action and The Daily Hodl Mix regularly!)
- Despite the impending launch of Tesla's robotaxi, analyst Colin Langan's prediction of a 61% drop in Tesla's share price, due to weakening core automotive business and stiff competition, has led some investors to consider diversifying their portfolio, including altcoins and other cryptocurrencies.
- As the stock-market world thrives on volatility, investors might find it prudent to invest in blockchain technology and decentralized finance opportunities, such as cryptocurrency, as a means to mitigate risks associated with traditional stock-market investments like Tesla.
- In the face of bearish Tesla forecasts, a discerning investor may choose to adopt a balanced approach, maintaining position in stocks like Tesla while also exploring opportunities in the cryptocurrency market, perhaps even layering exposure to altcoins to further diversify risk.
