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RBC cuts Tesla’s price target to $320, with a potential upside of 34%
- RBC Capital Markets analyst Tom Narayan cut Tesla’s price target from $440 to $320.
- The new price target still represents a potential upside of 34% for Tesla.
- Narayan cited lowered expectations around the company’s Full Self-Driving capabilities for the price target reduction.
- He also highlighted increasing competition in China as a factor affecting Tesla's market share.
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