Tesla Inc.’s focus on market share over profit margins has another analyst opting to take a backseat on the stock’s current journey.
Jefferies analyst Philippe Houchois downgraded Tesla’s stock TSLA to hold from buy late Tuesday, writing that the electric vehicle maker’s move to cut prices at the expense of margins “resets expectations” for the carmaker, even if it “has its logic.”
He...
April 26, 2023 at 05:21PM
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Tesla stock gets a downgrade: 'Growing up can be hard to do' - MarketWatch
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