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The vehicles are parked in front of the Tesla Inc. solar panel plant in Buffalo, New York, the United States on Wednesday, December 26, 2018.
Andrew Harrer | Bloomberg | Getty Images
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Tesla pulled a downgrade from Wall Street during Friday afternoon trading on its last day outside the S&P 500.
The CFRA downgraded its rating on Tesla shares to hold “Strong Buy” and informed its customers that much of the bullish case behind the electric car maker is now in its price.
“With the addition of TSLA to the S&P 500 Index starting on Monday’s open, we are lowering our opinion on Hold as the tailwind of massive index fund buying declines,” the company wrote.
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