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Tesla Motors (TSLA) stock got downgraded from hold to sell Friday by S&P Capital IQ analyst Efraim Levy, who says he’s “concerned about near-term margin pressure and cash flow needs,” though he expects “rapid automotive profit growth” through 2017. “A lot of it is from the capex,” Levy said of his concerns in an interview with IBD. On Tesla’s recent earnings call, he said, “the company didn’t quite say they would … need to issue additional Scalper1 News
Scalper1 News