The latest downward revision came from Loup Ventures co-founder Gene Munster, who wrote that Tesla will likely fall short of delivery expectations this year.
The stock was set to add to a 17% decline since May 14, a $6.88 billion drop in the company's market value.Tesla was set for its seventh straight day of losses ahead of the opening bell Thursday after more Wall Street analysts joined the growing list of brokerages concerned with the company's financial health.
Munster added that his estimate cut included a reduction in expected China deliveries to 40,000 vehicles from 70,000 vehicles. The new number implies that China would account for 13% of deliveries in 2019 versus a prior forecast of 25%.
Hahahaha !!
mr_jettlife
5 months ago I sold and said it was going to hit 185....now I see 85 before the year is out!
With the share price so low wouldnt be surprised if the co. Went private next month lol
Ponzi scheme
So one month ago Tesla was around 270 and today in pre-market 180's as analysts pile on. Did the fundamental story change that dramatically in a month or is just everyone piling on?
Did you guys not see the email Musk sent to employees last night? Time for shorts to put on their short shorts.
Genius brainchild's profitability was ruined by ex reality TV star?
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