Tesla’s key level after Battery Day disappointment, according to trader


Tesla’s Battery Day was highly anticipated but was disappointing to many.

Deutsche Bank Research, however, upgraded Tesla’s stock on Wednesday to a buy on what it saw as a significant technological lead versus other automakers.

On the other hand, Baird named the stock a “bearish fresh pick” on a “lack of upcoming catalysts.”

Then there were Tesla investors, who sent share prices down 10% on Wednesday to $380.26. Tesla’s stock was down 3% in Thursday’s premarket. Shares are still up nearly 356% this year.

One of the stock’s key attributes is that investors either love it or hate it, said John Petrides, portfolio manager in the wealth management division of Tocqueville Asset…


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