Goldman Sachs told clients to stay away from Tesla shares, predicting significant downside in the wake of weaker-than-expected demand for its electric vehicles and rushed decisions by management.
Tamberrino's 12-month price target is $210, representing a 25 percent drop from here. Tesla shares fell 0.6 percent in premarket trading Wednesday to $281.54. The analyst noted that his forecast for 75,000 vehicle deliveries this quarter is 8 percent below the Wall Street consensus. His first quarter EPS estimate is for a loss of 87 cents, compared to a consensus Wall Street estimate for a 37 cent profit, according to FactSet.
Georgekats6
Great advice, after stock has dropped 50 points
Yeah, there’s absolutely no way Goldman is saying this so that they can manipulate down the price and get in at a better price.
Tesla is the future company which may touch Mount Everest in its stock price as World starts accepting electric vehicles rapidly. elonmusk
How many rate hikes this year Goldman? 4 like you predicted last year. Omg - i just saw your broker head into his office!!!
i sold at 345...I said it was going to 195 2 months ago
No thanks Goldman you fud starter
For a quarter? Is they how far they look ahead?