Berenberg analyst Adrian Yanoshik said in a research report that he downgraded Tesla (NASDAQ:TSLA) from “buy” to “hold” and raised its target price from $200 to $210. The analyst noted that Tesla’s new factory’s advantages in terms of capital and labor efficiency provide the company with years of growth opportunities, and that its “false fear of price wars” seems to have been accepted by the market. Adrian now sees less upside for Tesla’s share price, further noting that Tesla’s entry into smaller segment car product pricing will present a huge sales growth opportunity for the company, but that growth may take time. The analyst said that “Tesla’s valuation now has less room for disappointment.”