I see no electrocuted elephants. There's nothing wrong with changing expectations to match reality. I think the short term expectations might dampen, but the long term expectations are still intact. Oil refineries aren't being built to meet demand because the refiners know it's a finite resource. Prices will rise and hold and when they do it will force a switch, but the technology will be ready.
Tesla Plunges After Morgan Stanley Reduces Automaker’s Price Target by 37%
http://www.bloomberg.com/news/2011-12-08/tesla-plunges-after...