To The Moon

Guggenheim sees 30% downside in Tesla's stock, as the EV maker is facing weak deliveries data and continued political noise. Shares of Tesla Inc. were rising again on Wednesday, but investors shouldn't believe the bounce will continue for much longer, for a number of reasons.At least that's what Guggenheim analyst Ronald Jewsikow wrote in a note to clients. He recommended investors keep selling, as he sees more than 30% downside the electric-vehicle maker's stock from current levels.Tesla's stock rallied 7.7% as of midafternoon, enough to make it the S&P 500 index's SPX third-best performer on the day.It has climbed 11.7% in two days, for its best two-day run since the days immediately after the U.S. presidential election. But keep in mind that the bounce started after it had tumbled 15.4% to close at a five-month low on March 10. And, even with the bounce, the stock has plunged 48.3% since it closed at a record $479.86 on Dec. 17.Jewsikow said the 1.2% increase in prices in the first

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