Reported 1 day ago
Bank of America has downgraded Tesla's stock rating from Buy to Neutral, citing that much of the potential upside has already been realized with a 60% increase since last April. The firm has raised its price target from $400 to $490, but warns of high execution risks tied to new product launches and competition. The analyst points to the importance of successfully rolling out the robotaxi service and expanding Tesla's market share amidst a challenging regulatory environment and demand uncertainties.
Source: YAHOO