Tesla stock to crash 45% after Robotaxi launch, according to Wall Street analyst

Despite initial investor enthusiasm surrounding the launch of Tesla’s (NASDAQ: TSLA) robotaxi public service on June 22 in Austin, a Wall Street analyst is cautioning that the electric vehicle maker’s stock outlook remains shaky.Specifically, Guggenheim analyst Ronald Jewsikow, in a note on June 23, maintained a bearish stance on Tesla, reaffirming his ‘Sell’ rating with a price target of $175, representing a 46% downside from current levels.TSLA one-week stock price chart. Source: FinboldWhile acknowledgin ...