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2025-06-09
11:54
Tesla Stock Downgraded to Neutral at Baird: $320 Price Target and Robotaxi Concerns Impact TSLA Outlook

According to @BairdEquityRes, Tesla ($TSLA) has been downgraded to 'Neutral' from 'Outperform' with a $320 price target, citing that CEO Elon Musk has been overly optimistic about the timeline for ramping up robotaxi production. Analyst Ben Kallo highlights that recent tensions between Elon Musk and Donald Trump have introduced considerable uncertainty, potentially impacting both investor sentiment and Tesla's strategic direction. This downgrade and uncertainty may influence crypto markets, especially tokens tied to AI and autonomous vehicle narratives, as well as broader sentiment around innovative tech stocks. (Source: @BairdEquityRes, Baird Research Note)

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