Tesla Skeptic With Downgrader’s Remorse Digs In Over Valuation

(Bloomberg) — An analyst who picked an inopportune time to downgrade Tesla Inc. is expressing regret, giving Elon Musk credit, and yet still doubting the electric-car maker deserves such a rich valuation.“I wish I hadn’t done it,” Joe Osha, an analyst at JMP Securities, said of his decision to cut Tesla to the equivalent of a hold from a buy on Oct. 3.The move looked shrewd at first — the shares slumped 4.2% that day, after Tesla reported quarterly deliveries that fell short of a number the chief executive officer hyped the week before. But later in October, the billionaire …read more

Source:: Yahoo Finance