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UBS lowers Tesla's Q1 delivery forecast to 345,000 units
2 day ago /
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Author：小编
UBS analyst Joseph Spak has adjusted his forecast for Tesla's first-quarter deliveries, lowering it from the previous estimate of 360,000 units to 345,000 units. This forecast falls below the consensus expectation of 371,000 units from Visible Alpha but remains within the range of 330,000 to 350,000 units expected by buy-side institutions. Spak stated that the adjustment takes into account the slowdown in the growth of the U.S. electric vehicle market, the gradual contraction of the Model S and Model X models, European sales data, and production volumes at Chinese factories. He maintains a sell rating on Tesla with a target price of $352. On Thursday, Tesla's stock price fell by 2.6%, while the S&P 500 index declined by 0.5%.
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