The Ratings Game: Tesla will miss a key Model 3 production target, Goldman says

Brace yourselves for Tesla Inc. missing a key production goal for the Model 3 and even missing the mark with the Model S and Model X, analysts at Goldman Sachs said in a note Monday.

The analysts, led by David Tamberrino, kept their rating on Tesla TSLA, -3.34% stock at a sell with a price target of $205, which implies a 36% downside.

Tesla shares extended their losses to a fifth straight session on Monday, bringing March losses to more than 7%, which would be Tesla’s steepest monthly loss since July.

Related:Tesla could be falling short of key Model 3 goal, but who’s counting

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