In February, Goldman Sachs and UBS downgraded Tesla to a Sell rating in part because they think it is overvalued compared to Ford. At that time, Tesla's market cap exceeded Ford's, $50 billion to $48 billion. Here's where their analysis took a wrong turn.
In February, Goldman Sachs and UBS downgraded Tesla to a Sell rating in part because they think it is overvalued compared to Ford. At that time, Tesla's market cap exceeded Ford's, $50 billion to $48 billion. Here's where their analysis took a wrong turn.
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