Barclays downgrades Tesla, says investors should take profits after the stock's massive rally
Analyst Dan Levy downgraded the electric vehicle maker's stock to equal weight from overweight.
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Analyst Dan Levy downgraded the electric vehicle maker's stock to equal weight from overweight.
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In an update to the company's online configurator, Tesla announced that all variants of the Model 3 now qualify for the full $7,500 tax credit. This lowered the starting price of the Model 3 to $32,750, which is impressive, however, when adjusting for inflation since Tesla unveiled the Model 3 back in 2016, the vehicle now starts at $26,950.
Tesla has significantly reduced its new inventory prices, with RWD Model 3s now starting at just $39,030.
Longer life, a greater range and improved safety for EV batteries is temptingly close thanks to these developments