Wall Street says Tesla shares are overpriced
Goldman Sachs and Morgan Stanley downgrade their ratings for the company as its shares pass $1,000
12 June 2020 - 14:53
Bengaluru — Top Wall Street brokerages Goldman Sachs and Morgan Stanley downgraded their ratings on Tesla saying the electric carmaker’s shares were overpriced, two days after the high-flying stock crossed $1,000 per share.
The brokerages, while reiterating that their long-term view on the stock remains positive, noted that the current valuation underestimates risks including increased competition in the electric vehicle (EV) industry...
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