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