A Wall Street Analyst Says Tesla Stock Could Plunge 50%. Is It Time to Sell the Stock?

Wall Street analysts are becoming increasingly bearish on Tesla (TSLA -10.39%). Following the car maker's first-quarter deliveries announcement, Wedbush analyst Daniel Ives called the report a "disaster" and said CEO Elon Musk needs to "get his act together." However, Ives still has an "outperform" rating and a $550 target on the stock. Wells Fargo analyst Colin Langan, meanwhile, has been far more critical of the stock, with an "underweight" rating and$130 price target on it. Before the deliveries announc ...