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Tesla's 'True' Gross Margins Are Worse Than What The Company Reports
Wednesday, February 24, 2016 - 11:25am | 402Tesla Motors Inc (NASDAQ: TSLA) shares are down Wednesday morning, partially on the back of a bearish research note from Germany's Berenberg. Analyst Adam Hull is recommending investors sell the stock on poor gross margins and lowered earnings expectations. The crux of Hull's investment...
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Sell Tesla On Poor Gross Margin Guidance, Berenberg Warns
Wednesday, February 24, 2016 - 10:57am | 306Berenberg’s Adam Hull maintained a Sell rating for Tesla Motors Inc (NASDAQ: TSLA), while reducing the price target from $165 to $150. The EPS estimates for 2016 and 2017 have been reduced from $1.50 to $1.00 and from $3.40 to $2.50, respectively. The EPS estimates for 2016-2020 have been...