Page 39 - Mark Delaney News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Goldman Sachs has downgraded Tesla's stock to a “hold” rating, reflecting concerns about the EV makers valuation. Other brokerages such as Morgan Stanley and Barclays have also lowered their ratings while increasing their price targets. Tesla's market cap of $813.29bn is much higher than its closest rival, Toyota. One reason attributed to the rally is interest around AI, while the stock has also gained from several pieces of good news, including charging deals struck by rivals. However, concerns over increased competition in China and the pressure to cut prices continue to weigh on...

Tesla's soaring stock price to start 2023 has analysts worried shares of the electric-vehicle maker might be looking frothy.

Goldman Sachs joined other Wall Street banks in downgrading Tesla.

Stock lower, oil on the rise as Russia crisis rattles markets; Week Ahead: Fed inflation gauge, Powell speeches in focus; IMB slips on reports of $5 billion Appito software deal;

Analysts on average now expect the stock to drop 18% in the next 12 months, according to data compiled by Bloomberg.