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The US stock markets fell sharply on Monday, with Tesla suffering particularly heavy losses. None of the "Magnificent Seven" escaped unscathed.

Another analyst cut a target price for Tesla stock because car business fundamentals are “spoiling razzle-dazzle momentum.” The price target cuts are piling up. On Friday, Wells Fargo analyst Colin Langan cut his Tesla price target to $130 from $135.

After a slight rebound earlier this week, Tesla's TSLA stock is back to falling, keeping with its recent performance. Even U.S. President Donald Trump's purchase of one hasn’t done much to spark real momentum for the electric vehicle (EV) leader.

Although Elon Musk-led Tesla (TSLA) initially sourced to new record highs following the reelection of President Donald Trump, the last few months have been a nightmare for TSLA stock. Trading almost at a more-than-50% discount to its 52-week high,

Tesla stock closed down 3% at $240.68, while the S&P 500 and Dow Jones Industrial Average lost 1.4% and 1.3%, respectively. Tesla stock rose 7.6% on Wednesday after gaining 3.8% o