Tesla’s Thinning Margins Have Another Analyst Saying Sell Now
- Tudor Pickering downgrades the shares to sell from hold
- Risks to EV maker’s margin makes analyst cautious on valuation
Tesla cars at the Tesla factory in Fremont, California.
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Tesla Inc.’s willingness to sacrifice profits in pursuit of buyers is threatening to weaken its claim to a higher stock-market valuation than rival auto companies.
At least that’s the view of Tudor Pickering analyst Matt Portillo, who lowered his rating on the stock to sell from hold, the first such downgrade since mid-January.