Tesla shares dropped after a downgrade from Buy to Neutral by Bank of America analysts. The move comes amid valuation concerns. However, the analysts maintained a higher price target of $490, up from $400. This change may help alleviate some investor worries, but it’s essential for investors to understand the reasoning behind the downgrade and what this means for their portfolios.
Source: https://finance.yahoo.com/video/bofa-downgrades-tesla-valuation-worries-151032154.html