Here is what GS David Tamberrino said in April 10 Goldman Sachs cuts Tesla price target, predicts Model 3 disappointments and capital raise "We believe the sustainable production rate for the second quarter of 2018 is most likely below the 2,000 vehicle mark the company achieved in the final week of the [first] quarter," Goldman analyst David Tamberrino wrote Tuesday. "We see the company likely sustaining Model 3 production around the 1,400 per week mark." That led him to conclude: "The analyst reiterated his sell rating on the stock and cut his 12-month price target to $195 from $205" What does he say now? Goldman Sachs Data Points to Potential Waning Customer Enthusiasm for Tesla (TSLA) Model 3 "Commenting on Model 3 production, the analyst [Tamborino] notes TSLA had 56k VINs registered and produced 41k Model 3s), and believe this implies that TSLA has produced approx. 15k vehicles in the past four weeks. This essentially equates to a production figure of approx. 4,000/week, he notes." At least he concedes he was wrong back in April predicting only 1,400/week production when they actually are sustaining 4,000/week. And and so Tesla gave him a positive surprise. Oh wait. No he doesn't concede that at all. Instead he says: "The firm maintained a Sell rating and price target of $195."