Reported 2 days ago
Baird analyst Ben Kallo has downgraded Tesla (TSLA) from Buy to Hold, citing concerns regarding valuation and the ambitious expectations surrounding Tesla's upcoming robotaxi service. While keeping the price target at $320, Kallo emphasized skepticism about the feasibility of the robotaxi program's growth and potential risks tied to CEO Elon Musk's influence on the company's direction.
Source: YAHOO