Tesla shares down 8% after Investor Day despite positive analyst sentiment

Tesla shares continued sliding Thursday morning, a question that began the anterior time during Tesla's Investor Day event, which provided investors with a semipermanent imaginativeness but lacked item connected caller products oregon services.

The electric-vehicle manufacturer's banal fell astir 8% successful the pre-market, contempt positive expert reaction to CEO Elon Musk's presumption and to Tesla's wide outlook. Musk and his executives reiterated a 2030 accumulation people of 20 cardinal vehicles annually astatine the event, which consisted of a three-hour presumption followed by a question-and-answer session.

"In a contention to the bottom, we earnestly question however the contention tin support up," Morgan Stanley car expert Adam Jonas wrote successful a Thursday note. Jonas has an overweight standing and acceptable a $220 terms people for the stock.

Goldman Sachs maintained a bargain standing and a $200 terms target, with expert Mark Delaney penning Thursday that "the lawsuit reinforced our affirmative presumption of the company's semipermanent competitory positioning."

But Delaney cautioned that "the deficiency of clarity beyond the remark that they're moving arsenic accelerated arsenic they tin and it could beryllium successful the adjacent mates of years is apt to beryllium viewed arsenic a disappointment to some."

Musk presented the 3rd installment of his "Master Plan," an update to his ambitious 2016 Master Plan Part Deux. The objectives of that plan, which included enabling Tesla owners to "make money" connected their car portion it different would person sat idle, person not yet been fulfilled. Tesla shares are up implicit 80% year-to-date but stay good disconnected of the 2021 high, which propelled the banal terms supra $400.

— CNBC's Lora Kolodny and Michael Bloom contributed to this report.