Tesla Stock Slides as Deutsche Bank Downgrades on 'Thesis-Changing' Robotaxi Pivot

Key TakeawaysShares of Tesla slid to their lowest level in more than a year on Thursday after Deutsche Bank analysts downgraded the stock and lowered their price target by 35%, citing its "thesis-changing" pivot to robotaxis.The company has reportedly put plans for a low-cost, mass-market model on the back burner to focus on developing a fleet of self-driving taxis.Tesla has struggled to compete with Chinese rivals and maintain growth amid soaring costs and sluggish demand for electric vehicles (EVs). Tesla ...