Investor's Business Daily
Tesla stock fell Thursday, marking a new 52-week low, as the global EV giant received a downgrade based on Chief Executive Elon Musk's decision to prioritize its robotaxi program over its cheaper next-generation vehicle. Deutsche Bank analyst Emmanuel Rosner downgraded Tesla stock Thursday to a hold rating from a buy. Rosner wrote that the previous buy rating was based on Tesla's next-generation vehicle priced at $25,000 coming late in 2025, which could allow the company to reaccelerate volume, margins and free cash flow.