Tesla Stock Keeps Falling. Even Some Bears Think It’s Dropped Enough.

Tesla

investors have endured a brutal stretch thanks to, well, everything. The stock, though, may be close to a bottom now. Even

Tesla

bears are getting more bullish.

In a Tuesday research note, Bernstein analyst Toni Sacconaghi called the risk/reward equation in Tesla (ticker: TSLA) stock more balanced at current levels. All analysts and investors, either explicitly or implicitly, go through risk-reward math in their heads to determine whether something is a good investment or to figure out how much investment capital to allocate to an idea.

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