Tesla Stock Downgraded by Daiwa

Daiwa Capital has downgraded Tesla's stock from Outperform to Neutral, setting a new price target of $195.00 per share. The decision was made due to Tesla's struggle to increase volume and expand margin.

In a similar vein, Alexander Potter from Piper Sandler also reduced his price target based on the company's performance. Tesla, Inc. shares saw a significant decline, ending down 3.65% at $181.06.

Additionally, concerns about corporate governance have been raised following a Delaware judge's decision to dismiss CEO Elon Musk's $56 billion pay package. The judge cited concerns about the board's independence from Musk. This issue could potentially lead to more volatility.