27-02-2017 19:08 via yahoo.com

Tesla deepens recent losses after Goldman recommends selling

By Noel RandewichSAN FRANCISCO (Reuters) - Shares of Tesladropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan.Concerns that Tesla's Model 3 production this year might be delayed, as well as expectations the company will sell stock to raise $1.7 billion, led Goldman Sachs analyst David Tamberrino to downgrade Tesla to "sell" from
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