Tesla's Cozy Relations With Banks Have Lost That Loving Feeling

Updated on
  • Bank scraps buy rating it had placed on the shares in May
  • Rating cut comes at critical time for electric-car company

Tesla's Road to Sales Success and Driverless Tech

Goldman Sachs Group Inc. downgraded Tesla Motors Inc., ditching a buy rating it placed on the stock in May as the investment bank co-managed a $1.4 billion stock offering for the electric-car maker. Shares fell the most in five weeks.

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