Bear of the Day: Tesla (TSLA)

Tesla TSLA You can see above that in the past 60 days (the key window for the Zacks Rank calculation), the majority of 8 covering analysts for who we have EPS revisions have all lowered their profit estimates to drive the consensus down from $6.42 to $6.14 for the current year. Now that's only a 4.4% drop, so the magnitude wasn't big. But the agreement among analysts definitely was significant. plummeted from a projected profit of $6.14 to a loss of $0.98! Wall Street Analyst Reaction Long-term bull cuts Tesla rating as profitability will not 'magically return'
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