Liam Denning, Columnist

Goldman and the Tesla Hyper-Feedback-Loop

The electric car maker's outlook keeps getting more uncertain.

October 6, 2016 at 5:17 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Here's the latest installment from the corporate feedback loop known as the Tesla-SolarCity merger.

On Thursday morning, Goldman Sachs cut its 6-month price target on Tesla stock by 23 percent, from $240 to $185. Goldman did this even as it raised its forecast for Tesla's 2017 revenue by 17 percent and boosted its estimates for Tesla's non-GAAP earnings per share in 2017 and 2018 significantly (for example, Goldman now forecasts a profit next year rather than a loss).