<ul><li>Wells Fargo reiterated its Tesla price target of $130, delivering a grim forecast for the electric vehicle company in the near term.</li><li>Wells Fargo analyst outlined factors driving the bank's bearish stance, including a slowdown in vehicle sales across Europe, China, and the U.S.</li><li>Wells Fargo cautions that sales drop will hit Tesla's earnings hard and believes the company has limited options to spark a rebound.</li><li>Morgan Stanley analyst predicts Tesla stocks will rebound over 90% within the next year, setting a price target of $430.</li></ul>

Wells Fargo reiterates Tesla (TSLA) price target of $130

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