"At the same time that Tesla is cutting prices and inventory is starting to build globally in face of a likely global recession, Musk is viewed as 'asleep at the wheel' from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm," Ives said. He reiterated his Outperform rating for Tesla but cut his price target from $200 to $175. Most Shorted Stocks: Tesla remains the second most shorted stock in the market heading into 2023, trailing only Apple Inc. AAPL.