"Tesla's Q1 2024 Delivery Estimates Spark Bearish Outlook and Stock Price Concerns"
TL;DR Summary
Wedbush Securities analyst Dan Ives predicts Tesla's Q1 2024 deliveries to be between 425,000 and 475,000 units, citing a "nightmare" quarter for Tesla China due to soft demand and production adjustments. Despite the challenges, Ives remains bullish on TSLA but lowered the price target to $300. Similarly, Morgan Stanley analyst Adam Jonas reduced Q1 delivery estimates and reiterated an Overweight rating for TSLA, foreseeing potential growth through cost-cutting measures and collaborations.
- Wedbush Analyst shares Tesla’s Q1 2024 delivery estimates TESLARATI
- Tesla Bulls Turn Bearish As 'Nightmare' First Quarter Comes To An End Investor's Business Daily
- Tesla has had a ‘nightmare’ first quarter amid weak China demand MarketWatch
- Tesla stock analyst revamps price target ahead of delivery data TheStreet
- Tesla Stock Price Could Crash 33%, Few Upside Catalysts in Outlook: Bernstein Markets Insider
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