TSLA is trading at 4.2% down now at $435.94 after Morgan Stanley downgraded the stock to Equal-Weight from Overweight, citing stretched valuation. The downgrade was driven by new lead analyst Andrew Percoco, who stated that much of the upside potential related to Tesla’s AI and robotaxi initiatives is already factored into the current stock price. * Despite the change in rating, Morgan Stanley raised its price target for TSLA to $425. * The firm highlighted concerns regarding the near-term risk-reward profile and anticipates a choppy trading environment ahead.
🔴 TSLA is trading 4.2% down today after Morgan Stanley downgrade on valuation concerns
TSLA
Related News
TSLA
Tesla Secures FCC Waiver for UWB-Powered Wireless Charging to Support Robotaxi Fleet
TSLA
Wall Street Giants Slash Tesla Stakes by Up to 80% as Institutional Sentiment Cools
TSLA
Tesla Claims 7x Safety Advantage as FSD Hits 8.2 Billion Miles Amid Robotaxi Scrutiny
TSLA
Tesla Launches Cybercab Production in Texas, Targeting Sub-$30,000 Price for Autonomous Network
TSLA