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Barclays Senior Autos Analyst Dan Levy explains Tesla's stock rating outlook ahead of the EV developer's first-quarter delivery figures, while also commenting on vehicle prices and headwinds stemming from CEO Elon Musk's involvement with Twitter.
Tesla (TSLA) closed the most recent trading day at $191.81, moving +0.74% from the previous trading session.
A trial kicked off in San Francisco federal court on Monday to determine how much money Tesla Inc must pay to a Black elevator operator whom a jury determined was subjected to severe racial harassment while working at the electric auto maker's flagship assembly plant. A lawyer for plaintiff Owen Diaz told a jury during opening statements that the racist slurs, graffiti and threats his client faced were part of a "plantation mentality" at the Fremont, California factory where Black workers were treated as second-class citizens. "You will conclude that Tesla's conduct ... is a conscious decision not to protect African American employees inside their workplace," the lawyer, Bernard Alexander, said.