Tesla: Once Again, It's Time To Trim (Double Rating Downgrade)
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Tesla's stock has experienced significant volatility, initially downgraded in November 2023 due to slowing growth and high valuation, then upgraded in April 2024 after a 31% drop. The stock has since risen 126% due to speculation around Robotaxis and autonomous driving. However, it is now considered overvalued again, prompting a recommendation to trim TSLA holdings.
January 31, 2025 | 9:15 pm
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Tesla's stock has been downgraded again after a 126% rise since April 2024, driven by speculation on Robotaxis and autonomous driving. The stock is now considered overvalued, and investors are advised to trim their holdings.
The recommendation to trim Tesla stock is based on its current overvaluation after a significant price increase driven by speculative factors. The downgrade suggests a potential short-term price decline as investors adjust their positions.
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RELEVANCE 100