Tesla's Market Cap Plummets
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Tesla pricingInsider
•Technology
Technology
Tesla's latest decline could be one for the history books, JPMorgan analysts say
71% Informative
About 48% of Tesla 's market capitalization was wiped out in a matter of months .
JPMorgan analysts cut their price target on Tesla by about 41% from $230.58 to $ 135 .
The decline comes amid sagging sales and concerns about leadership, namely its CEO, Elon Musk .
Analysts said they couldn't think of another comparable moment in automotive history.
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