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2023-11-10

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Tesla Stock Drops Another 2% After Falling 5.5% Yesterday

Tesla stock dropped another 2% in premarket trading Friday after falling 5.5% Thursday.HSBC initiated coverage on the stock with a rating of "reduce" and a $146 price target. The analyst offered a novel argument against Tesla stock, saying that the company is increasingly pitching itself as a business built around artificial intelligence , and autonomous vehicles and robots, rather than electric vehicles . That is inherently much riskier than being a carmaker, and for that reason, the stock shou

Tesla Stock Drops Another 2% After Falling 5.5% Yesterday

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The analyst offered a novel argument against Tesla stock, saying that the company is increasingly pitching itself as a business built around artificial intelligence (AI), and autonomous vehicles and robots, rather than electric vehicles (EVs). 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