"Tesla's Profitability Threatened by Delivery Slump"

Analysts have revised down Tesla's stock price targets as they predict lower 2024 vehicle deliveries, with some expecting a decline in second-quarter deliveries compared to last year. Wall Street consensus also anticipates a decline in Tesla's earnings per share for 2024, signaling another year of earnings declines for the company. Additionally, Tesla has reportedly canceled its long-promised $25,000 vehicle to focus on developing its self-driving robotaxi platform, with conflicting reports about the decision. Despite recent fluctuations, Tesla stock is trading below the 50-day moving average after falling around 13% in March.