Vetr Crowd Downgrades Tesla

The Vetr community on Tuesday downgraded its rating on Tesla Motors Inc (NASDAQ: TSLA) from 3.5 stars (Buy) to 3 stars (Hold). Crowd confidence at the time of the change was slightly bearish with 59 percent of users giving the stock a “Sell” rating.

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While Tesla’s current share price of $333.79 sits well above the Vetr crowd’s target price of $331.97, some analysts are more bullish, with Adam Jonas of Morgan Stanley assigning Tesla a $379 price target and an Equal-Weight rating.