Tesla Falls as CLSA Cuts Rating on Model X Margin Outlook
This article is for subscribers only.
Tesla Motors Inc. fell the most in a month after a CLSA analyst downgraded the stock, saying the forthcoming Model X sport utility vehicle may have lower initial profit margins.
CSLA revised its rating to underperform from outperform and cut its price target on the Palo Alto, California-based company’s shares to $220 from $275.