Tesla CEO Elon Musk is probably trying to figure out what he has do to get on Wall Street’s good side.
After Tesla reported an impressive third-quarter for vehicle deliveries — 24,500 vehicles, with another 5,500 in transit — on Sunday, shares moved higher.
At one point, $215 was in sight.
But by Friday’s market close, the stock had dived around 9% from earlier trading-day peaks, finishing up at $196.61.
The slide was intensified when Goldman Sachs downgraded Tesla and dropped its target price to $185 from $240.