Don’t Buy Tesla Stock, Analyst Says, Despite ‘Immense’ Potential

Citizens analyst Andrew Boone launched coverage of Tesla stock with a Hold rating and no price target. Tesla has all the “necessary assets to materially advance and create true abundance by automating labor,” including AI models, semiconductors, advanced manufacturing, batteries and Elon Musk, wrote Boone. Despite the lack of earnings, Tesla stock was up about 65% since the Austin launch, coming into Thursday.