BofA/Merrill Lynch Remains Negative on Tesla (TSLA)
BofA/Merrill Lynch maintains Underperform on Tesla Motors (NASDAQ: TSLA) price target of $155.00.
Analyst John Murphy is negative on the cash and burn with another capital raise on the horizon in 2018 coupled with a slow Model 3 ramp.
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Shares of Tesla Motors closed at $321.08 yesterday.