Tesla Motors Inc TSLA 1.47% was trading down more than 9 percent at $245 on Thursday afternoon following the company’s Q2 earnings report. With the company reporting  $1.2 billion in revenue and an earnings per share loss of $0.48, is this post-earnings dip a buying opportunity or an indication that Tesla has a long way to go before it’s worthy of investment?

Here’s what Wall Street is saying about Tesla after the disappointing earnings.

Bank of America

Analyst John Murphy points out that, excluding $27 million in regulatory credits, and the benefit of favorable forex tailwinds during the quarter, Tesla’s core business actually generated an earnings loss of $0.79 during Q2. At Tesla’s current free cash burn rate, Murphy also suggests that “a capital raise could be necessary soon.”

Bank of America has an Underperform rating on Tesla and a price objective of $180 for the stock.

Baird

Analyst Ben Kallo believes…

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