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Tesla Bull Trims Price Target Ahead Of Q1 Deliveries Update, Warns Of 'Darker Days' Ahead: 'For Musk, This Is A Fork-In-The-Road Time'

Benzinga ·  Mar 28 01:42

With just days to go for the release ofTesla, Inc.'s(NASDAQ:TSLA) first-quarter deliveries update, an analyst on Wednesday reaffirmed his bullish stance but reduced the price target for the stock.

The Tesla Analyst:Wedbush analystDaniel Ivesmaintained an Outperform rating on the stock and cut his price target from $315 to $300.

Twin Troubles: Tesla has been haunted by both demand and supply-side issues, said Ives in a note. The first quarter has been nightmarish for Tesla as China demand remained very soft from the beginning of the quarter, and factory planned downtimes and the Berlin...

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