Deals
Tesla Falls After Analyst Downgrades Rating to Sell
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Tesla Motors Inc., the electric-car maker, fell 3.6 percent after a Wunderlich Securities Inc. analyst cut his rating to sell, saying the company probably will reduce third-quarter production of the Model S sedan. The company said it hasn’t altered its production schedule.
The shares slid to $32.15 at the close in New York. Tesla declined 7.3 percent yesterday, its biggest decline since April