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Tesla Hit Hard by BOA Analyst's Take on Forecasts

A Bank of America analyst isn't on board with production and earnings forecast by electric car maker Tesla.

A Bank of America analyst isn't on board with production and earnings forecast by electric car maker Tesla.

Electric car maker Tesla is called out by Bank of America Merrill Lynch John Lovallo, who says the company is using some fuzzy forecasting when looking ahead at 2015.

Lovallo says the demand isn't what Tesla chief Elon Musk is telling investors. Musk says his company will produce 55,000 new vehicles in 2015.

But based on demand here and in other countries, Lovalla says that number will never be reached. As a result, he's predicting company stock will take a 70% hit on the year.

More about Tesla forecasts for 2015 and BOA doubts on IndustryWeek.  

IndustryWeek is an NED companion site within Penton’s Manufacturing & Supply Chain Group

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