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Slow the Engines-Tesla Downgraded

The employee-owned financial services firm, Robert W. Baird & Co., downgraded Tesla Motors Inc (NASDAQ:TSLA) from outperform to neutral. The price target was maintained at $187. Overvaluation of the stock was a major reason for the downgrade. But long term, Baird has a bullish position on the stock with Elon Musk on the helms. With Tesla, investors are just look to see if the company will continue to innovate. Currently, Tesla is down over 1 percent on the news.