Tesla Price Target Cut On Model 3 Production Concerns

Tesla's (TSLA) price target was cut by Goldman Sachs Tuesday over concerns Model 3 production will continue to stumble due to manufacturing bottlenecks.

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Goldman Sachs analyst David Tamberrino, in a note to clients, cut his price target to 195 from 205. He also maintained a sell rating on the electric car maker.

"At present, Tesla appears to have several bottlenecks within its Model 3 production ecosystem," Tamberrino wrote.

Still, Tesla shares were up 5%, at 304.35 during afternoon...

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