Why Asset Manager Canaccord Says Tesla Stock Will Explode by 40% in 2019

Why Asset Manager Canaccord Says Tesla Stock Will Explode by 40% in 2019

Despite a wider recovery in the US stock market, Tesla’s new year got off to a rocky start. The company’s stock plummeted, particularly after RBC Capital gave the electric vehicle maker’s shares a dreaded “sell” rating.Striking at the core of the matter, RBC Capital analyst Joseph Spak said:“It’s not that we don’t believe Tesla can…