Tesla shares are getting crushed in 2016 |Business Insider

Tesla shares are getting clobbered: they’re down almost 20% this year after dropping another 3% Tuesday to $191. That’s a far cry from their 2014 peak of nearly $300.

The latest dip is being chalked up to a research note from JP Morgan’s Ryan Brinkman, in which his team reduced its expectations for Tesla’s fourth-quarter earnings. (Compared with the rest of Wall Street JP Morgan is relatively bearish on Tesla: Brinkman’s target price is $180)

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