Tesla deepens recent losses after Goldman recommends selling
A Tesla logo is seen at its planned store in Hanam, South Korea, December 22, 2016. Picture taken December 22, 2016. REUTERS/Kim Hong-Ji - RTX2WSBR/ SAN FRANCISCO (Reuters) - Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan. Concerns that Tesla's Model 3 production this year might be delayed, as well as expectations the company will sell stock to raise $1 ...
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