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Tesla's tanking - Here's what 7 Wall Street analysts are saying about the stock

Bob Bryan   

Tesla's tanking - Here's what 7 Wall Street analysts are saying about the stock
Stock Market1 min read

Elon Musk Tesla

AP

Tesla reported its second quarter financial results on Wednesday. And while the company beat earnings per share expectations and met revenue expectations, it cut its outlook for vehicle deliveries.

The electric car maker now expects to ship between 50,000 and 55,000 cars this year, which suggests the ultimate number will be lower than managements original forecast for 55,000 deliveries. This delivery number was a point of emphasis for many investors.

Tesla shares are down 6.5% after the news.

Analysts reactions were mixed. Of the seven analysts notes reviewed by Business Insider, 4 were bullish with an "outperform" or "buy" rating. Two analysts were "neutral," while Bank of America Merrill Lynch is down on the stock with a "sell" rating.

Below are some details on what they had to say:

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