Tesla (TSLA) Could Undergo “Potentially Painful Transition in Ownership Base”

Deutsche Bank downgrades Tesla (TSLA) to hold from buy. The analyst notes that pushing out the Model 2 will create “significant” earnings and free cash flow pressure. The analyst also worries that the stock will undergo a “potentially painful transition in ownership base.” Renita Young weighs in on this story. Tune in to find out more about the stock market today.

Morning Trade Live

18 Apr 2024

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