TSLA 1D mountain Tesla shares Many analysts covering Tesla had already forecast margin pressures due to lagging sales and just reiterated their ratings on the company's shares following Wednesday's release.
Goldman Sachs reduced its price target to $235 from $265, which implies 3.2% downside.
He reiterated his underperform rating and $150 price target on shares, which implies 38% downside from Wednesday's close.
The bank reiterated its neutral rating, while bringing down its price target to $255 from $271.
Even Morgan Stanley's Adam Jonas trimmed his price target to $380 from $400, though the new forecast still implies more than 56% upside.
Persons:
weren't, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Delaney, Toni Sacconaghi, Bernstein, Wells Fargo, Wells, Colin Langan, Langan, Musk's, Phillippe Houchois, Itay Michaeli, Michaeli, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom
Organizations:
Jefferies, Citi, U.S, EV, Tesla, Network Services, Mobility, Party, Energy, Insurance
Locations:
Mexico, Wells, Musk's Cybertruck