The Tesla Motors, Inc. (TSLA) Lifted to “Hold” at Vetr Inc

But do these analysts even know what they’re talking about? That’s what Wall Street will spend 2017 trying to figure out.

They’re still way up, but since fourth-quarter and full-year 2016 earnings were reported last week, the stock has been getting clobbered.

Investors should keep an eye on Tesla’s Model 3 program to ensure it stays on schedule.

Many analysts have provided their estimated foresights on Tesla Motors, Inc.

Tesla Inc (TSLA) stock is still in the green year to date despite the steady plunge over the last couple of weeks. Cars produced – up 77% to 24,882. Goldman is citing $280 per share as a level of technical resistance that, if broken, could imply a futu negative. BlackRock Institutional Trust Company N.A. increased its position in Tesla Motors by 4.1% in the third quarter. But the number one thing on analysts’ minds is whether Tesla will in fact begin volume production of the Model 3 in 2017 as promised. The last close places the company’s stock about $30.39 off its 52 week high of $287.39 and $78.81 above the 52 week low of $178.19.

Tesla, Inc. (NASDAQ:TSLA) [Trend Analysis] considering as most desiring stocks in active trading lead, shares reduced after opening to traded at $246.57 with volume of 6.66 Million shares.

Separately, Royal Bank of Canada lifted their price objective on shares of Tesla from $245.00 to $314.00 and gave the company a “sector perform” rating in a research report on Thursday.

Tamberrino’s analysis includes the possibility of a delayed Model 3 launch -currently slated for summer – as well as concerns that Tesla’s integration of SolarCity could prove a drain on its financial resources.

Tamberrino states that Tesla Inc (TSLA) stock has climbed 42% since December 2, compared to the S&P 500’s 8% increase in the same time frame. Additionally, the analyst derides Tesla’s recently purchased SolarCity as an “unproven solar business”.

SolarCity will also be a cash drain.

Musk chimed in to say that Tesla would provide insurance in case of price-to-safety features mismatches, but that it was likely insurers would adjust for Autopilot and other safety features on a Tesla.

“While we do believe the company has at least one product cycle lead on its competitors”, he wrote, “there ultimately could be a Samsung to this Apple (think smartphones), with incremental competition on the horizon as we have detailed in past reports”.

So what is the upshot for investors? Tamberrino expects the company to delay production of the electric compact sedan, and that the company will need to raise more capital by the end of the year. The firm presently has a $251.51 price target on the electric vehicle producer’s stock. As more Wall Street firms turn bearish, investors would be wise to remain cautious on Tesla.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The consensus rating is 2.3, suggesting the market has given up on the stock. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock worth $1,038,976,000 after buying an additional 578,459 shares during the period.