Tesla stock drops after Goldman Sachs downgrade

News Snapshot:

Tesla (TSLA) stock was under pressure on Monday after receiving another downgrade from a major Wall Street bank, the latest in a trend that is becoming harder to ignore for investors. Late Sunday, Goldman analyst Mark Delaney took Tesla shares down a peg, downgrading the stock to Neutral from Buy, marking at least the third downgrade of the stock after last week saw analysts at Barclays and Morgan Stanley sour on the name. In an unusual move, however, Delaney raised his price target on the stock to $248 from $185 while recommending investors pare back exposure to Tesla after more...