IMPORTANT NOTE OUT BY WEDBUSH THIS MORNING REGARDING TESLA.
WEDBUSH: “in our 20 years of covering tech stocks on the Street we view this quarter as one of top debacles we have ever seen while Musk & Co. in an episode out of the Twilight Zone act as if demand and profitability will magically return to the $TSLA story. We are throwing in the white towel on the name as we downgrade our rating .. reflecting our reduced numbers for the coming years and our loss of confidence in the story with no pilot on the plane to navigate through this severe demand turbulence.”
Cuts to neutral.
Overly dramatic horseshit and I’d like to remind people in the business that Wedbush isn’t a real firm and is a joke and the analysts who work there aren’t intelligent and their executives are giant faggots pretending to be relevant.
Case in point: TSLA is basically unchanged.If you enjoy the content at iBankCoin, please follow us on Twitter