Goldman's 12-month price target is $210, representing a 25 percent drop from here.
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.
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