Goldman Sachs Reinstates Tesla Motors (TSLA) at Sell

Goldman Sachs analyst David Tamberrino reinstates coverage on Tesla Motors (NASDAQ: TSLA) with a Sell rating and a price target of $210.00.

After dropping coverage to advise Tesla on a previous "go-private" deal that wound up falling apart, the analyst returns to the name with the same negative view. Tamberrino has concerns regarding competition which is on the horizon as product launch cadence takes a pause.

The analyst believes intensifying industry dynamics coupled with a phase out of the US Federal EV Tax Credit for TSLA customers could weigh on GMs and profitability.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $301.66 yesterday.

You May Also Be Interested In

• Tesla sales in Spain drop 78.8% in August
• Tesla (TSLA) call put ratio 1.9 calls to 1 put with a focus on 3600 contracts of September 4 weekly 130 puts
• Active options: TSLA NVDA AAPL AMZN INTC META SPCX MU GOOGL AMD