Tesla Motors (TSLA) PT Lowered to $205 at Goldman Sachs

November 2, 2017 6:22 AM EDT
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Price: $193.64 -0.54%

Rating Summary:
    30 Buy, 19 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 28 | New: 30
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Goldman Sachs lowered its price target on Tesla Motors (NASDAQ: TSLA) to $205.00 (from $210.00) while maintaining a Sell rating.

Analyst David Tamberrino believes the stock should continue to de-rate following the Q3 results given the push out on Model 3 production. The analyst maintains a forecast for "significant FCF burn" and suspects the company will need to raise capital sooner, in Q2 2018 instead of Q3 2018.

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