Tesla Motors Shares Get 'Capped'
At The Motley Fool, we poke plenty of fun at Wall Street analysts and their endless cycle of upgrades, downgrades, and "initiating coverage at neutral." So you might think we'd be the last people to give virtual ink to such "news." And we would be -- if that were all we were doing.
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Tesla gets "Capped"
"Merry Christmas," you say? Not for Tesla Motors (Nasdaq: TSLA) shareholders, it isn't. For the second (trading) day in a row, shares of the electric car pioneer are plunging. The reason: California's Capstone Investments, a boutique investment banker focusing on small and microcap stocks, downgraded the shares to "sell" last week. Tesla promptly tumbled 8% Thursday, followed by what's shaping up to be a double-digit percentage decline this morning.
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