Tesla's (TSLA) Demand Did Not Offset Lower Prices According To Jefferies

<p>Tesla (TSLA) has been downgraded to hold from buy at Jefferies. Kevin Green discusses this as the Jefferies note states that 1Q results did not validate demand elasticity offsetting lower prices and pending a reset of performance and possible governance, a hold rating is warranted. Jefferies also cut its price target to $185 from $230. Tune in to find out more about the stock market today.</p>