British banking giant predicts 68% Tesla stock collapse by 2027

Early on March 20, HSBC ramped up its long-standing hawkishness regarding Tesla (NASDAQ: TSLA) stock as it forecasted a 68% downside for the electric vehicle (EV) maker’s equity.Specifically, along with confirming the previous ‘Sell’ rating, the firm lowered the 12-month TSLA share forecast from $133 to $119, signalling it estimates the car company’s sales woes are likely to only get worse and that ‘FSD’ is unlikely to provide deliverance.Tesla stock is 15.85% down in 2026 and is, at press time on March 20, ...