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KeyBanc Lowers Estimates on Tesla Motors (TSLA) as Checks Points to Slower Model 3 Ramp

December 27, 2017 6:23 AM UTC

(Updated - December 27, 2017 7:34 AM EST) (updated to expand on analyst comments)

KeyBanc maintained its Sector Weight rating on Tesla Motors (NASDAQ: TSLA), following fourth quarter checks on Model 3 deliveries.

Analyst Brad Erickson suggests a lowering of estimates due to the potential for a slower Model 3 ramp following fourth quarter checks that indicate deliveries are tracking around 5000, a number that is below sell-side estimates, but according to the analyst should be... More