Tesla Inc. (TSLA - Get Report) is gearing up for its earnings release on Wednesday, but analysts at Goldman Sachs lowered the company's full year EPS estimates to a loss of $3.52 per share from its previous view of a loss of $3.16 per share.
The firm is skeptical that the company will be able to hit the launch curve that it has previously forecast.
Goldman maintained its "Sell" rating on the company and $180 price target, which represents a potential downside of 46% from the stock's previous closing price.
Tesla shares fell 3.5% on Monday.
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