- Shares of Tesla gained nearly 6% on Monday, after a key Wall Street brokerage added the stock to its watch list ahead of the automaker's quarterly production and delivery report on Tuesday.
On Monday, Wells Fargo added Tesla to its "Tactical Ideas" list, a quarterly compilation of stocks the brokerage thinks may have meaningful upside in the near term, however it kept an "underweight" rating."Few levers remain to increase volumes outside of pricing & model refreshes" while the previous price cuts and promotions seem to have had a "diminished" effect on sales, lead analyst Colin M. Langan said.
Tesla stock fell 20.4% in the first half of the year, compared to a 14.5% rise in the benchmark S&P 500 index. A divergence in the stock market is now the biggest it’s ever been, signaling more vulnerability ahead, economist says
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