TSLA Downgraded by Bank of America, Automakers Aligning on Production Restarts, China NEVs (04.22.20)

➤ TSLA stock downgraded to underperform by Bank of America in a note that feels straight out of 2017
➤ Volkswagen announces targeted production restart date for Chatanooga factory as automakers align on similar dates
➤ Morgan Stanley releases investor survey around electric vehicles and confidence in Tesla
➤ China updates purchase tax policy for new-energy vehicles

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Disclosure: Rob Maurer is long TSLA stock & derivatives