Vetr Picks Tesla's Slide As A Buying Opportunity

The Vetr crowd on Wednesday upgraded its rating on Tesla, Inc. (NASDAQ: TSLA) from 2.5 stars (Sell), issued a week ago, to 3.5 stars (Buy). Crowd sentiment at the time of the upgrade was edging negative, with 56 percent of Vetr user ratings bearish.

After starting the month on a strong uptrend that saw shares rise by more than 12 percent, Tesla's stock has spent the back half of December giving up those gains. Vetr's upgrade comes as analysts with Keybanc released fairly pessimistic estimates on Tesla's Q4, mostly centered around the company's diminished Model 3 production. Tesla was trading down at $311.37 by 1 p.m. ET in Wednesday's session.

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Currently, the Vetr crowd's average price target on Tesla is up at $331.07, which is higher than the average analyst rating of $267.78. Tesla is a popular stock on Vetr as more than 9 percent of users are holding TSLA in their watch-lists.

Latest Ratings for TSLA

Date	Firm	Action	From	To
Oct 2017	Evercore ISI Group	Downgrades	Outperform	In-Line
Oct 2017	Morgan Stanley	Maintains	Equal-Weight	Equal-Weight
Oct 2017	Standpoint Research	Downgrades	Hold	Sell