"Tesla's Strategy Shift Sparks Analyst Overhaul and Stock Downgrade"

Tesla's stock hits a year-low as analysts reprice the company amid a global demand slump and narrowing profit margins. CEO Elon Musk is focusing on a shift towards self-driving and energy storage, leading to likely delays in the Model 2 sedan launch and the largest layoffs in company history. Analysts are anticipating a significant strategy shift ahead of next week's first-quarter earnings, with concerns about the impact on sales and earnings due to the delay. Analysts are revising price targets and ratings, with a focus on Tesla's progress in leveraging AI technologies and the need for Musk to bring investors into the new story more forcefully.