Tesla downgraded again.
HSBC reiterates Tesla Motors as reduce
HSBC lowered its price target on the stock to $130 per share from $165 and says there are “no quick fixes.”
“Tesla eschews many of the industry norms (holding list prices firm, making regular facelifts and model renewals) and has to date seen only minimal impact, but tougher competition and brand erosion is likely to see the impact of its strategy hurt more.”
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