Tesla's Earnings Outlook Downgraded By Deutsche Bank

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Analysts at Deutsche Bank cut their forecast for Tesla Motors Inc. full-year 2015 and 2016 earnings due to the electric car maker's exposure to the euro. The bank expects Tesla to report 11 cents a share this year, from earlier expectations of 52 cents a share, and $1.75 a share in 2016, from $2 a share. Deutsche Bank kept its $245 price target on Tesla stock and its buy rating. Tesla shares were poised to end the week down 3%. Shares have lost 21% in the past 12 months.

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