Tesla Stock Tumbles Amid Doubts Over Delivery Estimates
Tesla’s stock dropped over 8% due to concerns about delivery forecasts and potential impacts on growth. UBS analyst Joseph Spak lowered Tesla’s price target to $225, citing reduced first-quarter delivery projections of 367,000 vehicles. Model 3 and Model Y face declining demand in key regions, affecting Tesla’s gross margins, predicted to fall to 10.3%. Weak … Read more