“Bank of America downgrades Tesla stock, raises price target saying ‘execution risk is high'”
January 9, 2025
I’m not interested in what the article has to say. More importantly Bank Of America is acting like Tesla is a risk? While that may or may not be true Bank Of America itself is a bigger risk because of all the money it lends to Citadel. GME and AMC will most likely bankrupt Citadel forcing Bank Of America to margin call it. This will hurt Bank of America because of all the naked short selling Citadel does — which is illegal by the way.
Instead of Bank Of America worrying about Tesla they should be more worried about if they’ll receive a bailout under the Trump Administration.