Liam Denning, Columnist

Tesla Has Nothing to Fear But FOMO Itself

October 20, 2015 at 7:27 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.

Tesla CEO Elon Musk.
Photographer: David Paul Morris

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There are cars, and then there are Tesla cars. Similarly, there are downgrades, and then there are Tesla downgrades.

Tesla Motors has gotten used to a ride as fast and smooth on Wall Street as the one its top-rated electric vehicles offer drivers. So October has proven a bit of a shock. The stock is down 17 percent this month, with more than half of that coming on Tuesday, after Consumer Reports took the company's Model S off its recommended list. That followed several sell-side analysts deciding to cut their price targets, recommendations, or both.