TSLA - BNP PARIBAS DOWNGRADES TESLA, SEES 29% DROP BNP Paribas gave Tesla an Underperform rating with a 307 price target (29% downside). The bank says Tesla’s AI ventures, Robotaxi and Optimus, currently generate no revenue but inflate its valuation. Even with ambitious forecasts, Tesla’s risk/reward is unfavorable, and 2026 cash flow is projected 4B below consensus due to margin and AI/software pressures.(*Walter Bloomberg)