Vetr Downgrades Tesla As Earnings Approach

The Vetr crowd on Tuesday downgraded its rating on Tesla, Inc. TSLA from 2.5 stars (Sell), issued 12 days ago, to 1.5 stars (Strong Sell). Crowd sentiment at the time of the downgrade was edging cautious, with 53 percent of Vetr user ratings bearish.

The downgrade comes just a week before Tesla is set to announce Q3 earnings. Shares have taken some knocks in recent weeks, trading mostly flat throughout the first half of October and falling by more than 6 percent over the past four trading days.

Tesla closed Tuesday's session up slightly at $337.34

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Currently, the Vetr crowd's average price target on Tesla is down at $276.43, which is still higher than the average analyst price target of $267.78. Tesla, Inc. is a popular stock on Vetr as more than 9 percent of users are holding TSLA in their watch-lists.