Goldman Sachs has downgraded Tesla’s stock to a “hold” rating, reflecting concerns about the EV maker’s valuation. Other brokerages such as Morgan Stanley and Barclays have also lowered their ratings while increasing their price targets. Tesla’s market cap of $813.29bn is much higher than its closest rival, Toyota. One reason attributed to the rally is interest around AI, while the stock has also gained from several pieces of good news, including charging deals struck by rivals. However, concerns over increased competition in China and the pressure to cut prices continue to weigh on Tesla’s earnings.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20
August 28, 2026