Bernstein gives Tesla, Inc. (Nasdaq:TSLA) an “underperform” rating with a $150 price target. Toni Sacconaghi, an analyst at the bank, believes that the most important issue for the company as Tesla enters analyst day is the status of its next-generation low-cost car platform. The agency added that while the market did not expect anything from the launch of the company’s products, details about pricing, availability and, above all, timing were paramount. Bernstein believes that Tesla will not be able to deliver such models in large quantities before 2025, and that it will be difficult for Tesla to achieve 50% sales growth without further reducing the price of existing models.