Morgan Stanley analyst James Faucette downgrades TaskUs (NASDAQ:TASK) from Overweight to Equal-Weight and lowers the price target from $28 to $19.
Tesla’s Ongoing Austerity Measures, Rivian-Apple Partnership Buzz, Biden Administration’s Clampdown: Biggest EV Stories Of The Week
Teething trouble, demand slowdown, competition and profitability issues all continue to weigh down on the EV industry.