Elon Musk's Tesla Faces Downgrade Due to Sluggish Growth, Says Wells Fargo
Wednesday, 13 March 2024, 20:19
Tesla Struggles with Stagnating Growth
Wells Fargo analyst Colin Langan's recent evaluation points to a stagnant performance for Tesla, as sales volumes experienced only a minor 3% uptick while prices witnessed a significant 5% decline.
Significant Downgrade by Wells Fargo
Wells Fargo analyst Colin Langan highlighted a notable shift in Tesla's status, branding it as a 'growth company with no growth,' indicating a worrisome trend in the electric vehicle manufacturer's market positioning.
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