Tesla Analyst Says Risk-Reward On The Stock Is More Balanced Now Buta?¦

Tesla Inc. (NASDAQ:TSLA) is among the worst-performing large-cap stocks this year as multiple headwinds a?? both external and internal a?? to the company weigh down on the stock.

The Tesla Analyst: Bernstein analyst Toni Sacconaghi Jr. has an Underperform rating and $150 price target for Tesla shares.

The Tesla Thesis: With Tesla shares pulling back about 41% since the start of October and 48% for the year-to-date, the risk/reward on the stock is more balanced now, although still somewhat negative, Sacconaghi said in a note.

The principal driver of the recent pullback has been investor concern about softness in demand, particularly in China, and the associated growth versus margin tradeoff, the analyst said.

See Also: Tesla Institutional Investors See This As Major Reason Behind Stock's Underperformance, Morgan Stanley Survey Reveals