Shares fell more than 5% on Friday to close out tough week for Elon Musk's electric car company.
"To this point, in our 20 years of covering tech stocks on the Street we view this quarter as one of top debacles we have ever seen while Musk & Co.
Wall Street analysts polled by Bloomberg currently have an average price target of $296 for Tesla — about 26% higher than Friday's close. 12 of those analysts recommend buying the stock, with nine rating it neutrally and 15 rating it a sell. "We remain encouraged by Tesla's vision and future growth prospects , but there is increased uncertainty around near-term demand vs previous bullish forecasts and growth cannot stall for a growth company," Evercore ISI analysts led by Arndt Ellinghorst wrote in a note to clients out Monday.CEO Elon Musk, meanwhile, is still involved in a lengthy tussle with federal stock regulators.
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