Tesla Stock Downgraded For Second Time In Two Days. Is Tesla's 140% Run Ending?

Investor’s Business Daily2023-06-23

For the second time in as many days, Tesla (TSLA) stock received a downgrade Thursday, as analysts expect waning consumer demand and increased competition in China to cut into Tesla's value. The stock...

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Comments

DianYulia
2023-06-23
DianYulia
How they can run up this time?
life goes on
2023-06-23
life goes on
Are they downgrading so that they can load up?? 😂
VivianChua
2023-06-23
VivianChua
Ok
Longs
2023-06-23
Longs
👌🏼🙏🏼

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Is Tesla's 140% Run Ending?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-23 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/tesla-stock-downgraded-for-second-time-in-two-days-is-tslas-140-run-ending/><strong>Investor’s Business Daily</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For the second time in as many days, Tesla (TSLA) stock received a downgrade Thursday, as analysts expect waning consumer demand and increased competition in China to cut into Tesla's value. The stock...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-downgraded-for-second-time-in-two-days-is-tslas-140-run-ending/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.investors.com/news/tesla-stock-downgraded-for-second-time-in-two-days-is-tslas-140-run-ending/","article_id":"1199762550","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199762550","pubTimestamp":1687491900,"sourceInfo":{"source_id":"lsy1671069246760","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"For the second time in as many days, Tesla (TSLA) stock received a downgrade Thursday, as analysts e","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉股票两天内第二次降级。特斯拉140%的运行结束了吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1.1},"content_text":"For the second time in as many days, Tesla (TSLA) stock received a downgrade Thursday, as analysts expect waning consumer demand and increased competition in China to cut into Tesla's value. The stock edged up Thursday after swooning around 5.5% Wednesday.Morgan Stanley downgraded Tesla to equal weight, from overweight, Thursday and hiked its share price target to 250, up from 200 and about 3% below where shares closed on Wednesday. This comes after a Barclays downgrade on Wednesday.The Barclay's note wrote cited Tesla as an artificial intelligence (A.I.) beneficiary as well as an auto company. Morgan Stanley's view is that high expectations on A.I. have brought Tesla stock to a fair valuation.\"We're not trying to call 'the end' to the Tesla rally,\" Morgan Stanley analyst Adam Jonas made clear on Thursday. \"And from our discussions (we) continue to find a significant degree of investor skepticism/lack of exposure around the name.\"Jonas added that despite the downgrade, Morgan Stanley views Tesla as a \"must own\" in an EV portfolio and as an industrial \"standard-bearer\" for electric transport and renewable energy economy.\"Despite the recent rally, we expect material negative revisions for Tesla consensus earnings forecasts,\" Jonas told investors.Morgan Stanley forecasts \"intensifying competition\" from China's EV players and slowing auto demand from consumers both present growing risks for Tesla stock. Jonas sees Tesla stock in a bull case hitting 450 and in a bear case 90, over the next 12 months.Tesla stock dropped nearly before edging up around 2% to 264.46 Thursday during market trade. Tesla stock slumped 5.4% to 259.46 Wednesday. On Tuesday, shares jumped 5.3% to 274.31.Wednesday morning, Barclays analyst Dan Levy also downgraded Tesla stock to equal weight, down from overweight. Levy hiked the firm's TSLA price target to 260, up from the previous 220.The Barclays analyst wrote the stock's recent rally has been \"too sharp relative to challenging near-term fundamentals.\" Levy told investors questions about margins and demand for Tesla vehicles remain concerns.Tesla StockTSLA has advanced around 30% in June. Last week, the stock jumped more than 6% despite two straight consecutive sessions with losses.Before shares slipped last Wednesday, Tesla enjoyed a run of 13 straight gains. Shares are up around 140% since Jan. 3. However, Tesla is down around 36% from the all-time high 414 it hit in November 2021.Tesla is well extended past a 207.79 buy point from what's either a cup or a double-bottom base.Shares are more than 30% above their 200-day/40-week moving average. That's the most extended they've been since the stock marked its peak in November 2021.Tesla stock ranks third in IBD's automaker industry group. It has a 99 Composite Rating out of 99. Tesla has a 90 Relative Strength Rating and its EPS Rating is 93 out of 99.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":190474064244960,"gmtCreate":1687528128742,"gmtModify":1687528132369,"author":{"id":"4143955509046982","authorId":"4143955509046982","name":"DianYulia","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"How they can run up this time?","listText":"How they can run up this time?","text":"How they can run up this time?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190474064244960","repostId":1199762550,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190381138071680,"gmtCreate":1687505292809,"gmtModify":1687505296471,"author":{"id":"3554863521201456","authorId":"3554863521201456","name":"life goes on","avatar":"https://static.tigerbbs.com/3199e2883b1fe8556f2188f3e1c16da8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Are they downgrading so that they can load up?? 😂","listText":"Are they downgrading so that they can load up?? 😂","text":"Are they downgrading so that they can load up?? 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190381138071680","repostId":1199762550,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190362048557176,"gmtCreate":1687500630461,"gmtModify":1687500633841,"author":{"id":"3580011914778910","authorId":"3580011914778910","name":"VivianChua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190362048557176","repostId":1199762550,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190356607537296,"gmtCreate":1687499304534,"gmtModify":1687499308055,"author":{"id":"4115290449563752","authorId":"4115290449563752","name":"Longs","avatar":"https://community-static.tradeup.com/news/824b5073731ab909a8d4e129caa8d995","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"👌🏼🙏🏼","listText":"👌🏼🙏🏼","text":"👌🏼🙏🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190356607537296","repostId":1199762550,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":0,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1199762550"}