What happened
Tesla (NASDAQ:TSLA) stock fell as much as 5.8% on Monday after a Goldman Sachs analyst downgraded the stock to a sell rating. Shares are trading about 5.1% lower at the time of this writing.
So what
Goldman Sachs analyst David Tamberrino changed the stock’s rating from a hold to a sell, dropping the firm’s price target from $190 to $185, representing about 24% downside from Tesla’s $244 price at the time of this writing. Following Tesla CEO Elon Musk’s recent comments about the company likely needing to raise capital ahead of its....More>>>