
Wells Fargo adds Tesla to tactical underweight list, sees no rebound after rough first quarter
Tesla had a rough first quarter, and Wells Fargo doesn’t see a rebound anytime soon. The bank named the electric vehicle maker an underweight tactical idea for the second quarter. It holds an a $130 price target on shares, which suggests about 50% downside potential from Monday’s close. Shares tumbled nearly 36% during the first…