TechFlow news, June 9 — According to Jinshi Data, investment bank Baird downgraded Tesla (TSLA.O) from Outperform to Neutral, with a price target of $320. The firm noted that despite Tesla's weak quarterly performance, its stock has risen 24% (compared to the S&P 500's 13%), partly due to excitement around the upcoming affordable car and Robotaxi launch in June. We believe Musk is overly optimistic about the Robotaxi rollout, and much of the speculation has already been priced in. His relationship with Trump also adds uncertainty. Long-term, Tesla remains a strong contender, but we remain on hold for now.
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