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Tesla stock fell by 4.5%, closing at $169.48 on Wednesday after Wells Fargo cut Tesla to its lowest rating, citing the potential for more price cuts that could hit the bottom line.
Source: Moomoo
Analyst Colin Langan downgraded TSLA to a Sell-equivalent Underweight from Equal Weight and lowered its price target to $125 from $200, saying its valuation premium to the other Magnificent 7 stocks is "likely a risk."
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Source: Moomoo
Analyst Colin Langan downgraded TSLA to a Sell-equivalent Underweight from Equal Weight and lowered its price target to $125 from $200, saying its valuation premium to the other Magnificent 7 stocks is "likely a risk."
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RECAP
U.S. stocks ended mixed on Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains from the previous session that propelled the $S&P 500 Index (.SPX.US)$ to its 17th record high of the year.
The $Dow Jones Industrial Average (.DJI.US)$ was up 0.10%. The S&P 500 toggled between slight gains and losses to trade at 5,165. The $Nasdaq Composite Index (.IXIC.US)$ fell 48 p...
U.S. stocks ended mixed on Wednesday as investors shrugged off a somewhat hotter-than-expected February inflation report and digested gains from the previous session that propelled the $S&P 500 Index (.SPX.US)$ to its 17th record high of the year.
The $Dow Jones Industrial Average (.DJI.US)$ was up 0.10%. The S&P 500 toggled between slight gains and losses to trade at 5,165. The $Nasdaq Composite Index (.IXIC.US)$ fell 48 p...
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