Investing Article

Goldman Downgrades Tesla To "Sell" On Cash And Execution Risk

02/27/2017 - 6:52am By: Zero Hedge

The recent avalanche of bad news for Tesla has refused to stop this morning, when former Tesla cheerleader, Goldman Sachs analyst David Tamberrino, announced he was cutting the company's stock rating to "Sell", slashing his price target to $185, and predicting 28% downside from current prices. TSLA stock was down -2.3% in premarket trading on the Goldman report.
As Tamberrino explains, "we downgrade shares of Tesla to Sell from Neutral with 28% downside to our 6-month price target of $185 (lowered from $190), vs. 8% downside for our coverage. While we believe Tesla currently has a...

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