Tesla (TSLA) is in focus this morning after rumors emerged over the weekend that the automaker plans on beginning production of a new all-electric crossover that it’s internally calling the “E80.” According to recent reports,

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock through the end of the decade.

Tesla’s (TSLA) shares can slump to $170-$180 “in weeks,” Gareth Soloway, Chief Market Strategist of Verified Investing said recently on Schwab Network. However, Soloway believes that the shares may bounce significantly once they reach those levels.