$Tesla Motors(TSLA)$ On Thursday, Tesla ( TSLA) shares reached a new low for more than a year after Deutsche Bank expressed concerns over the company's growing focus on autonomous vehicle products while its profit is under pressure. The electric automaker's shares dropped 2.7% to $151.26 after the brokerage downgraded the stock to "Hold" and decreased its price target to $123 from $189.
After shedding 37.4% of its value so far this year, Tesla ( TSLA) shares fell to their lowest in nearly 15 months on Thursday, making it the second worst-performing stock on the S&P 500 index. While the company's market capitalization is set to fall by more than $17 billion to about $478 billion, if losses hold, it remains the most valuable automaker in the world.
Tesla Inc. ( TSLA) stock tanked by 3.55% reaching new lows
US Stocks Opportunities
Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments