3 Banks Funding Fossil Fuels the Most Are Tesla [TSLA] Bear

Thanks to some work by Rainforest Action Network and The Guardian, as well as a post from a member of a Tesla forum, I recently wrote an article highlighting that the #1 fossil fuel development financier happens to also be an extreme Tesla [TSLA] bear.

A certain tweeter looked a little deeper than that and noted in a tweet tagging me that it’s not just the #1 fossil fuel financier that has analysts who are very critical of Tesla and pessimistic about its future — it’s the top 3.  Each of the 3 financial firms that lay out the most money for fossil fuel developers have a relatively low Tesla [TSLA] price target.

Directly behind JPMorgan Chase, which I previously noted provided the most money (by far) for fossil fuel development, there are Citi and Bank of America.

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