Tesla Stock Falls 8% After Negative Rating

Tesla shares took an 8% hit today after a negative rating by Capstone Investments, they initiated a “sell” rating with a $22 price target, TSLA shares are currently trading at ~$30. Tesla shares have been a bit of a rollercoaster with a low of $14.98 and a high of $36.42 since the IPO this year, it seems that speculators can’t decide if they love or fear the electric car maker.

Most analysts think the share price won’t stabilise until the Tesla Model S begins customer deliveries in early 2012 and customer demand for the sedan can be gauged.

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