Tesla Stock Price Target Cut at BofA on Concerns of Weak EV Demand
"We see it hard for the company to generate additional sales with its current product portfolio or without cutting price further," BofA said.
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"We see it hard for the company to generate additional sales with its current product portfolio or without cutting price further," BofA said.
"While only 7% of the core, private transportation categories contributed over a third (14bp) of the monthly core gain," Goldman Sachs said.
Instead of a recession, the US economy has seen resilient job gains with growth trending at just over 2%.
It's been 59 days without a 2% pullback in the S&P 500, according to data from YCharts, so a correction is likely overdue.
"If one's investment decisions are based primarily upon emotions, then it is hardly a surprise that standard valuation metrics will be cast aside."