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Tesla faces a challenging first quarter with several analysts and firms, including Morgan Stanley, RBC Capital, and Deutsche Bank, lowering delivery forecasts due to soft demand in China. Wedbush and other analysts express concerns over Tesla's performance, with Wedbush cutting its price target amid a 'nightmare quarter.' The company's stock has slumped significantly, and analysts are cautious about Tesla's future performance.
Tesla's tweet about the 6 millionth car threw a spanner into the works. I need to increase my production estimate by a fair amount and my delivery estimate a little. However, I'm still below the 422,875 deliveries a year ago in Q1 2023. I'm counting the number of workdays for… https://t.co/FtLXRFws3t
Here's Why Tesla Is The Worst-Performing Major Stock This Year https://t.co/GVtKMRbq4K https://t.co/KMnr2P2j6x
$TSLA | Tesla Q1 Deliveries Preview: Analysts Cut Targets, 'Nightmare Quarter For Tesla' Tesla is expected to report first quarter deliveries next week. Analysts and experts have been cutting their estimates for Q1 deliveries. https://t.co/EwDGW0z3Ep