Tesla's stock is under pressure following a downgrade from Punto Casa de Bolsa, which shifted its rating to "sell" with a price target of $364.44. This bearish outlook reflects concerns over Tesla's valuation and potential challenges in the electric vehicle market. The downgrade has intensified discussions among investors about Tesla's ability to sustain its market position amid competitive pressures and broader market uncertainties. Analysts at Punto Casa de Bolsa argue that Tesla's current stock price does not align with their projections for future earnings, leading to the revised outlook.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) has responded to these developments, rising 3.63% to $2.00 as of 8:00 AM on Wednesday, December 18.