They are down about 10% in just the last 5 trading days and the company is trading near 52-week lows that are about 60% lower than the company's 52-week high of $402.64.
It doesn't look like anyone can stop the recent selling in Tesla, and Goldman Sachs doesn't seem interested in stopping that party. Ever since Elon Musk has been diverting his attention to Twitter, shares of Tesla have suffered. They are down about 10% in just the last 5 trading days and the company is trading near 52-week lows that are about 60% lower than the company's 52-week high of $402.64.
Goldman Sachs analyst Mark Delaney also cut his price target on the company by nearly 25%, slashing expectations on the company to $235 per share from $305 per share. The target still marks a 46% increase from current levels, Bloomberg noted in a Wednesday morning wrap up. Model Y and Model 3 production lines are expected to be suspended in the last week of December, according to, citing people familiar with the matter. They said Model 3 production could resume in early January, though Model Y output disruptions could be prolonged. Another person said Model 3 production could be suspended again later in the month for the Chinese New Year. They added that this would allow for more upgrades and equipment maintenance to produce an enhanced version of the model.
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