Tesla stock bull slashes price target on China headwinds and warns Musk's Twitter bid is a distraction risk | Markets Insider

A Tesla Model X.REUTERS/Francois Lenoir/File Photo Wedbush’s Dan Ives cut his price target on Tesla to $1,000 from $1,400 as China’s COVID lockdowns slow car production. The Tesla stock bull added that Elon Musk’s Twitter bid may be too much of a distraction. “The Tesla ecosystem have never needed Musk more with the worst supply chain crisis seen in modern history,” Ives said. Wedbush analyst Dan Ives lowered his price target on Tesla stock as China’s current bout of COVID lockdowns creates more production slowdowns and supply-chain bottlenecks. He’s still bullish on the electric car maker over the long-term as…