Hey, nothing to worry about, their average TSLA target price is still ~$285...
It always takes a while after the fact, for vultures to pick up the stench of death.
Would have been nice if some of the current "Doubters" had noticed TSLA was not showing much life, ~three months ago, when the stock price topped out.
IMO, the near term TSLA price outlook is highly dependent on how many Xs actually get delivered by the end of the year, and I'm not going to try to guess what that number will be.
Tesla Runs Into Some Doubters
Several analysts signal concerns about electric-car company’s stock
Wall Street’s enthusiasm for Tesla Motors Inc. is waning.
Shares of the electric-car company stumbled nearly 11% this week to $220.69, booking their worst weekly percentage drop in more than a year, after several Wall Street analysts signaled concerns about the stock.
Three analysts cut their price target for Tesla shares and a fourth struck a cautious note as he started coverage of the stock. Meanwhile, famed short seller Jim Chanos said the company, whose vehicles start out at $75,000, is still far from being a mass-market manufacturer...
To be sure, plenty of analysts believe Tesla shares have room to rise. The average price target of Tesla analysts tracked by FactSet is $284.50, 29% above Friday’s close...
http://www.wsj.com/articles/tesla-runs-into-some-doubters-1444436372
An interesting aside on how
bubbly the current market for stock in high-priced auto manufacturers is, even one sticking with old-fashioned ICE luxury autos can sell stock at ridiculous (IMO) prices.
In fact, Ferrari's IPO is priced at over $1,000,000.00 in market cap per vehicle sold this year, more than twice TSLA's valuation per vehicle sold!
Ferrari to be valued at up to $9.82 billion in stock offering
MILAN (Bloomberg) -- Ferrari will be valued at as much as $9.82 billion in an initial public offering when owner Fiat Chrysler Automobiles sells a 9 percent stake in the Italian supercar manufacturer...
Marchionne has said Ferrari should be treated more like a luxury-goods maker than an auto manufacturer.
The stock sale is set to be oversubscribed ...
The Maranello, Italy-based manufacturer, which seeks to limit the number of vehicles it makes to slightly less than demand to maintain exclusivity, said in a filing last month that it plans to raise production to 9,000 vehicles by 2019.
Ferrari will stick to producing high-end sports cars, and won’t follow rivals into models such as SUVs or electric autos, as powerful vehicles with traditional growling engines are part of what customers pay for, CEO Amedeo Felisa said in September...
http://www.autonews.com/article/20151009/OEM/151009795/ferrari-to-be-valued-at-up-to-9-82-billion-in-stock-offering