As previously reported, Argus downgraded Tesla (TSLA) to Hold from Buy with no price target The stock “appears to be currently trading on non-fundamental events,” says the analyst, who is concerned that the “war of words” between President Trump and Tesla CEO Elon Musk, along with expiration of EV credits, could further weaken demand for new Teslas. While the firm believes AI-related projects such as Cybercab and Optimus are positive for the company and its valuation, it believes a near-term Hold rating is “prudent at this time,” the analyst tells investors.
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Read More on TSLA:
- Tesla downgraded to Hold from Buy at Argus
- Tesla loses top AI executive, leader of Optimus robotics project, WSJ says
- U.K. delays proposals to regulate AI, Guardian reports
- Tesla downgraded to Neutral from Outperform at Baird
- Cautious Optimism: Ben Kallo’s Hold Rating on Tesla Amid Market Expectations and Emerging Risks
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