Thesis-changing would be a 20% decline in the potential scrapping of the low-cost vehicle

Tesla Bull Warns Ditching Cheaper Car would be ‘Thesis-Changing’ Tesla CEO Elon Musk would be in jeopardy if he abandoned the bid to bring a low-cost vehicle to the masses. Musk is the CEO of the electric-vehicle company.

Tesla downgraded to Hold from Buy after Deutsche Bank analyst Emmanuel Rosner downgrades the stock. Netflix releases its first quarter results after the market close. Other trending tickers on Yahoo Finance include Taiwan Semiconductor Manufacturing Company (TSM), Lithium Americas (LAC), and Wells Fargo (WFC)

Deutsche Bank downgrades Tesla, calls for a 20% decline on potential scrapping of low-cost vehicle. Deutsche Bank: Company pivots from building a low cost entry vehicle to building a high-cost entry vehicle. The tough times will continue for Tesla as the company pivots to a low-income entry vehicle, the bank says.