Tesla Inc.’s focus on market share over profit margins has another analyst opting to take a backseat on the stock’s current journey.
Jefferies analyst Philippe Houchois downgraded Tesla’s stock TSLA to hold from buy late Tuesday, writing that the electric vehicle maker’s move to cut prices at the expense of margins “resets expectations” for the carmaker, even if it “has its logic.”
He…
This post was originally published on Market Watch
