Tesla's Stock Dips as Deutsche Bank Downgrades Due to Potential Model 2 Delay
ICARO Media Group
In a recent update, Tesla (TSLA) stock experienced a decline after Emmanuel Rosner, an analyst at Deutsche Bank, downgraded the stock from Buy to Hold. Rosner's decision was primarily influenced by the possibility of a delay in the release of the highly anticipated Model 2, as well as Tesla's increased focus on its robotaxi venture.
Rosner is scheduled to discuss his call during an appearance on Market Domination at 3:20 p.m. ET.
Another company that investors are closely watching is Netflix (NFLX), as it prepares to release its first quarter results after the close of the market. The streaming giant's success will be measured by the effectiveness of its password-sharing crackdown and its impact on subscriber growth.
Additionally, several other tickers have been trending on Yahoo Finance. Taiwan Semiconductor Manufacturing Company (TSM), Lithium Americas (LAC), and Wells Fargo (WFC) have captured the attention of investors in recent trading sessions.
With uncertainty surrounding Tesla's Model 2 release and its pivot towards the robotaxi market, shareholders are digesting Deutsche Bank's downgrade while hoping for positive outcomes from the upcoming Netflix earnings report.