Tesla Motors (TSLA): Downgrade to Sell On Likely Reduced 3Q Production – Wunderlich
Posted on July 18, 2012 at 08:18 AM EDT
Wunderlich Securities is downgrading Tesla Motors (NASDAQ:TSLA) to Sell from Buy with a $28 price target (prev. $49). - The downgrade comes after reports of production cuts Wunderlich is lowering their estimates, rating, and target for Tesla (TSLA) on likely 3Q12 production cuts for sales of the Model S. The shares, which recently reached $36, [...]