Tesla shares fell to $ 316.66 on Friday, the lowest intraday price since August 2, closing at $ 320.87, down 2% on the day, although Tesla's share price rose more than 50% Since the September high has fallen 17%, the main reason is the Model 3 shipments continued to delay.
Market research firm FactSet survey analysts expect Tesla third quarter revenue of $ 2.9 billion, a loss of $ 2.27 per share, compared with $ 71 per share in the same period last year,
Evercore has cut Tesla's stock rating from "buy" to "neutral" last week and cut its target price from $ 330 to $ 312.
Evercore said in the report, Tesla can confirm that the Model 3 production schedule does not change significantly and shorten the delay time in Wednesday's earnings, but will create the best scenario for the Tesla market, but Evercore thinks Model 3 is by the end of November But also can not reach the milestone of the weekly production of 1,000, before Tesla is difficult to make any commitment.
Craig Johnson, chief market strategist at investment firm Piper Jaffray, told CNBC that "Tesla is a kinetic unit and that the stock will fall immediately if the kinetic stocks are subject to any negative news about production bottlenecks or new products."
Johnson & Johnson quoted Tesla's stock price chart, the recent curve has broken the rising triangle, in other words this wave of decline in the next support at about 290 US dollars, the current stock price may also continue to fall 11%.
"Many people do not understand that Tesla's share price is actually affected by interest rates because most of Tesla's growth comes from lending to R & D and production, so when borrowing costs," said Dennis Davitt, manager of asset management at Harvest Vol claims. When the price increases, the stock price is relatively negative. "