Form PX14A6G Tesla, Inc. Filed by: Chevedden John
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Truist downgrades Tesla (TSLA) as it signals willingness to continue price cuts
April 21, 2023 8:31 AM EDTTruist Securities downgraded Tesla (NASDAQ: TSLA) to a Hold rating (From Buy) and cut their price target on the stock to $154.00 (From $245.00) after the company reported 1Q results and signaled its willingness to continue to cut prices.
Analyst William Stein wrote in a note, We and investors alike have seen TSLA's price reductions, so Q1's results weren't surprising. What surprised us is TSLA's stated willingness to reduce price further, accepting still lower automotive... More
