TSLA Stock – Has Tesla Topped Out?

Tesla Motors (TSLA) continues to prove naysayers wrong, with TSLA stock sitting on a 16% gain year-to-date despite talk of overblown valuations and production bottlenecks.

But lately, the success of Tesla stock has started to show some strain.

TSLA stock is down about 5% in the last few days in part because of a downgrade from Deutsche Bank[2] from “buy” to “hold” on fears that most of the success is baked into shares.

Of course, at the same time, DB raised its target from $245 to $280 and expressed optimism over Tesla’s battery technology. So it wasn’t all bad. (more)

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