Tesla (NASDAQ:TSLA) Stock Price Down 1.2% on Analyst Downgrade

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Tesla, Inc. (NASDAQ:TSLAGet Free Report) shares were down 1.2% on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $218.00 to $200.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Tesla traded as low as $175.70 and last traded at $177.68. 30,441,129 shares were traded during trading, a decline of 70% from the average daily volume of 101,827,852 shares. The stock had previously closed at $179.83.

Several other brokerages have also issued reports on TSLA. TD Cowen decreased their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley reissued an “overweight” rating and issued a $320.00 target price on shares of Tesla in a report on Wednesday. Piper Sandler reduced their price target on shares of Tesla from $295.00 to $225.00 and set an “overweight” rating on the…

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