Tesla Downgrade; Robinhood & AppLovin Miss Index
On this episode of Stock Movers:- Tesla (TSLA) is continuing its slide as Baird downgraded the stock to neutral from outperform, noting that the recent share rally followed what was a fundamentally poor quarter for the EV maker. Analyst Ben Kallo attributes the recent rally partly to anticipation over the launch of a more affordable vehicle and a robotaxi service. Through Friday’s close, the shares are down about 27% this year- Robinhood (HOOD) is falling this morning after S&P Dow Jones Indices said there were no announced membership changes in the S&P 500 or the S&P 1500 indexes…
The skinny
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