YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Tesla downgraded to 'sell' by Goldman Sachs

Posted online
Goldman Sachs analyst David Tamberrino says it's time to sell your Tesla stock.

Tamberrino downgraded Tesla's stock to a "sell" rating on Monday morning.

The company's shares dipped nearly 5 percent on Monday. They've dropped by more than 10 percent since the company reported its financial results last week.

The Goldman Sachs analyst said "the acquisition of SolarCity - which is undergoing its own business model transition - comes at a time when we believe Tesla should be singularly focused on becoming a mass automobile manufacturer."

Read more from CNNMoney.


Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences