'Bottleneck' is slowing Tesla Model 3 production

'Bottleneck' is slowing Tesla Model 3 production

'Bottleneck' is slowing Tesla Model 3 production

But a growing number of analysts are now turning bearish.

"After the earnings results, Jonas said he feels great about demand for Teslas, is slightly concerned about the company's cash flow and thinks Tesla's growth plan funding is in good shape ". for now". Goldman Sachs Group, Inc. He said he's "watching from the sidelines", but says there is a future where Tesla's shares start moving higher.

Shares of Tesla (NASDAQ: TSLA) fell as much as 8.9% on Thursday, in the aftermath of the company's third-quarter earnings release. They set a "neutral" rating and a $357.00 target price on the stock.

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company's stock. He slashed his price target for Tesla Inc (TSLA) stock from $320 to $310 and reiterated his Hold rating. The company is also schedule to reveal a new electric truck at an event on November 16. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the consensus estimate of ($3.09) by $0.17.

Its Q3 statement also reported revenue of $2.98 billion and an adjusted loss per share of -$2.92. The manufacturing snags will embolden skeptics who've doubted the company's ability to quickly reach mass production, a feat the youngest USA carmaker is trying to pull off for the first time with a auto that starts at $35,000.

The reported net loss in the quarter was $671.2 million compared with the year-ago net income of $21.9 million. If you are viewing this news story on another website, it was stolen and republished in violation of United States & worldwide copyright & trademark laws.

More immediately, it is far from clear how much the current problems in Fremont will delay the ramp-up of production on the new sedan that is supposed to turn Tesla into a mainstream automaker and transform years of losses into massive profits - Musk long promising profit margins would reach the unprecedented level of 25% or more. Excluding items, the company lost US$2.92 per share.

In other news, Director Stephen T. Jurvetson sold 44,777 shares of the company's stock in a transaction dated Tuesday, August 22nd. Following the completion of the sale, the vice president now directly owns 1,736 shares of the company's stock, valued at approximately $589,354.64. The disclosure for this sale can be found here. Achieving that level of production now seems unlikely before March 2018, Fortune says. That means there's now a total of a quarter million Teslas on the road. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer's stock worth $309,000 after buying an additional 4 shares during the last quarter. Acropolis Investment Management LLC purchased a new position in shares of Tesla in the second quarter valued at $122,000.

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