Tesla Q3 '17 earnings spook investor on high cash burn.

Kristin Alonzo

04-Nov-2017 18:09 PM



Tesla (TSLA) -5.2% pre market, hovering at 304-306.  Pivots level retracts back on Q1 '17. 290/ 287 previous record high.

See chart below. To see more of our unique weekly pivot (*5 trading days period is our weekly basis*


Q3  Number reported:

Analyst take on earnings result:

  • Buying opportunity ~ Baird
  • Near term buying opportunity ~ Morgan Stanley
  • Model 3 raises cash concern ~ UBS
  • Price Traget lowered -> $185 from $195  @JPM;  $310 from $320  Deutsche Bank;
  • Sees more negative than positive in Q3, cites CFC concern ~ Citi
  • Reiterates SELL, says needs to raise capital sooner, vut price target to$205 from $210 ~ GS



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