It looks like investors may be putting the breaks on Tesla (TSLA) stock. According to Reuter’s analysis, the latest numbers from the electric car maker show a loss of more than $4,000 on every models S Sedan sold, as the company reported operating losses of $359 million last quarter. Tesla’s rate of cash burn is becoming a worry for analysts, despite a positive outlook on the horizon. S&P Capital IQ’s Efraim Levy told TheStreet, ‘we have a SELL opinion on the shares of Tesla. We think that there is a lot of growth coming for them, especially with the new vehicle coming out later this quarter – we think that will drive profits for 2016. But even with the forecast that they will be profitable in 2016, on a non GAAP basis, they’re still richly priced at almost one hundred times our forecast of $2.50 a share next year.’ CEO Elon Musk has promised to deliver results by the first quarter of 2016 and is looking to expand Tesla’s energy storage business.
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