Jefferies downgrades Tesla as analyst says valuation at unsustainable levels

Published Mon, Feb 24 20207:42 PM ESTUpdated Tue, Feb 25 20206:18 AM EST

(This story is for CNBC Pro subscribers only.)

Jefferies slashed its rating on Tesla to hold in a late Monday call as the electric automaker's monster rally this year pushed its valuation to unsustainable levels.

More In Pro News and Analysis

These companies reporting earnings next week usually beat expectations and see their stocks rise

Jesse Pound

Yields are driving the market action. Here's what chart analysts are watching before making a move

Patti Domm

Top investor and author Charles Ellis talks meme stocks, crypto and how anyone can beat the market

Yun Li