Tesla falls as analyst says profit goal a ‘Kilimanjaro-like’ climb

New York: Tesla Inc. faces a ‘Kilimanjaro-like uphill climb’ to hit profitability in the second half, said Wedbush analyst Dan Ives, who cited concerns about demand and growth. In a note Sunday, Ives described the electric car maker’s predicament as a “code red situation” and cut his price target on the stock to $230 (Dh844) […]