2017-02-27 05:31:18 | Tesla downgraded to Sell from Neutral at GoldmanGoldman Sachs analyst David Tamberrino downgraded Tesla to Sell from Neutral and lowered his price target for the shares to $185 from $190. The electric carmaker closed Friday up $1.01 to $257.00. The analyst has concerns over the execution of the Model 3 launch, the company's "unproven" solar business as well as its near-term cash needs. A delayed launch and free cash flow burn, likely leading to a capital raise before Q4, will weigh on the shares, Tamberrino tells investors in a research note. |
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