<ul><li>Wells Fargo maintains 'Underweight' rating on Tesla, citing no stock rebound soon.</li><li>Tesla's vehicle deliveries are expected to decline in Europe, China, and the US.</li><li>Earnings may drop 25% by 2025 due to lower deliveries and lower profit margins because of price cuts.</li><li>Wells Fargo analyst sees concerns over vehicle deliveries, earnings decline, lack of details on a low-cost model, skepticism towards the autonomous driving technology, and unattractive valuation for Tesla stock.</li></ul>

Wells Fargo sees 5 reasons investors should brace for Tesla stock to drop another 50%

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