Why Tesla Stock Is On Reverse Gear In Premarket Today
Portfolio Pulse from Shanthi Rexaline
Tesla shares fell in premarket trading on Monday due to a rating downgrade by Goldman Sachs analyst Mark Delaney from Buy to Neutral. The stock has received multiple downgrades recently, with the common theme being the stock's 108% increase this year.
June 26, 2023 | 10:43 am
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NEGATIVE IMPACT
Tesla's stock price fell in premarket trading after a rating downgrade by Goldman Sachs. The stock has experienced a 108% increase this year, leading to multiple downgrades.
The rating downgrade by Goldman Sachs is a direct cause for the drop in Tesla's stock price in premarket trading. The stock has experienced a significant increase this year, leading to multiple downgrades by analysts, which can negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100