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Shady behavior by Goldman Sachs

Discussion in 'TSLA Investor Discussions' started by X Yes?, Oct 6, 2016.

  1. X Yes?

    X Yes? Member

    May 5, 2016
    San Diego
    Goldman Downgrades Tesla, Months After Underwriting Share Sale

    Goldman analyst Patrick Archambault upgraded Tesla on May 18 -- the same morning that Tesla launched its secondary stock offering. Goldman and Morgan Stanley were lead managers on the deal, and Goldman said at the time that the call was made independently of the underwriting team.

    Today, a downgrade. It appears they are not invited to participate in the next secondary offering.

    Corruption on Wall Street?

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