Form 4 Tesla, Inc. For: Mar 08 Filed by: Musk Elon
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Wolfe Research Downgrades Tesla (TSLA) to Peerperform on Growing Macro Concerns
March 13, 2023 3:22 AM EDTWolfe Research analyst Rod Lache downgraded Tesla (NASDAQ: TSLA) from Outperform to Peerperform.
The analyst comments "We upgraded TSLA in September 2022 based on three assumptions: 1. We thought that TSLAs cost reduction opportunities were under-appreciated; 2. We believed that TSLA would disproportionately benefit from the US IRA, and; 3. We believed that both factors would help support growth, as we anticipated that TSLA would leverage these advantages to steadily reduce prices while maintaining surprisingly strong margins. Were still convinced of Teslas impressive cost... More
