Goldman analyst David Tamberrino put out the following note today that was obtained by TheStreet:
"The Americas Investment Review Committee has determined that the ratings and price target for Tesla Inc. should be removed. Goldman Sachs is acting as a financial advisor in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for this stock. This "Not Rated" status will continue until such time as sufficient information is available, and/or contingencies appear resolved, to allow such analysis. Earnings estimates during this period will be made without regard to the proposed matter."
Musk tweeted earlier in the week he was working with Goldman and Silver Lake to assess a transaction.
I'm excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors, on the proposal to take Tesla private— Elon Musk (@elonmusk) August 14, 2018