Tesla Motors (TSLA) PT Lowered to $313 at Citi on 'Model 3 Demand Analysis'

June 6, 2018 6:58 AM EDT
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Price: $589.72 +3.15%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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Citi lowered its price target on Tesla Motors (NASDAQ: TSLA) to $313.00 (from $347.00) while maintaining a Neutral rating, following a model update to the company's outlook.

Analyst Itay Mitchell notes a reduced outlook on the shares, citing TSLA Model 3 demand derived from sales and pricing data of competitors, shows little strain from competitors and therefore could translate into margin pressures for Model 3 demand, as the company already faces a lower margin of error from a thinning balance sheet.

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