Automatically downgraded by an algorithm, not by a human analyst. Not terribly significant news-wise, since e.g. the algorithm can't realistically take into account the recent positive reviews of Tesla's new models.
Nor does it take into account the difference between a startup and a mature company. Of course their net margin has taken a dip, they've been tooling a factory so they can sell cars.
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Automatically downgraded by an algorithm, not by a human analyst. Not terribly significant news-wise, since e.g. the algorithm can't realistically take into account the recent positive reviews of Tesla's new models.
Nor does it take into account the difference between a startup and a mature company. Of course their net margin has taken a dip, they've been tooling a factory so they can sell cars.