The Traderszone Network

Published in TZ Latest News 21 July, 2015 by The TZ Newswire Staff

UBS expects Tesla’s car and battery sales growth to disappoint

Tesla’s shares fell over 4 percent in premarket trading after UBS analyst Colin Langan cut his rating to “sell” from “neutral”, saying he expects the company’s car sales and home battery sales growth to disappoint. Tesla unveiled Tesla Energy, batteries for use in homes and offices, on May 1 and is estimated to have got more than $800 million worth of orders in the first five days.

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