"Tesla's Nightmare Quarter: Analysts Cut Targets as Poor Guidance and China Woes Hit EV Maker"

1 min read
Source: Benzinga
"Tesla's Nightmare Quarter: Analysts Cut Targets as Poor Guidance and China Woes Hit EV Maker"
Photo: Benzinga
TL;DR Summary

Analysts are expecting a decline in Tesla's first-quarter deliveries, with concerns about electric vehicle demand, China, and macroeconomic factors leading to lowered estimates. Tesla's fourth-quarter deliveries of 484,507 units are expected to be significantly higher than the first-quarter figures. The company's shares have declined 29% year-to-date, and a weak delivery report next week could further impact the stock. Despite potential bearish sentiment, long-term believers may see this as a buying opportunity.

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