Part 2/12:
During a televised interview, the analyst acknowledged this unconventional move. Typically, a downgrade signals a more cautious or pessimistic view of a company's near-term prospects, usually accompanied by a lowered price target. However, in Tesla's case, the analyst explained that the price run-up justified a higher target, reflecting future optimism rather than current fundamentals.
This divergence prompted questions about the analyst's confidence in Tesla's trajectory. When host questioned if this was a case of "throwing hands in the air," the analyst admitted that predicting Tesla's future is complex, suggesting that their approach is more sentiment-driven than based solely on solid fundamentals.