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

November 2, 2017 6:22 AM EDT
Get Alerts TSLA Hot Sheet
Price: $870.11 --0%

Rating Summary:
    24 Buy, 21 Hold, 12 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 16 | New: 45
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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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Analyst Comments, Analyst PT Change, Hot Comments

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Goldman Sachs, Tesla, Model 3