A Tesla bear cut its price target for the company by 6%, saying Elon Musk's upcoming capital raise is too small (TSLA)

11:06am PDT - May 3rd, 2019    tesla stock - Business Insider

Jeffrey Osborne, an analyst at Cowen, cut his price target for Tesla from $160 to $150 in a note to investors on Friday. Osborne said he believed Tesla 's upcoming capital raise was "badly needed" but too small to cover future costs. "We update our model to r…