Tesla analyst cuts Model 3 forecast, now sees bear market in stock ahead
https://www.cnbc.com/2019/03/25/rbc-cuts-tesla-price-target-model-3-deliveries.html
Lackluster demand and overseas Model 3 delivery problems will weigh on Tesla's first-quarter earnings results when the company reports in April, RBC Capital Markets warned clients Monday.
The brokerage cut its first-quarter Model 3 delivery forecast to 52,500 from 57,000 and slashed its price target to $210 from $245, a 14 percent reduction that implies more than 20 percent downside over the next year.
Tesla analyst cuts Model 3 forecast, now sees bear market in stock ahead
Mar 25, 2019, 12:59pm UTC
https://www.cnbc.com/2019/03/25/rbc-cuts-tesla-price-target-model-3-deliveries.html
> Lackluster demand and overseas Model 3 delivery problems will weigh on Tesla's first-quarter earnings results when the company reports in April, RBC Capital Markets warned clients Monday.
> The brokerage cut its first-quarter Model 3 delivery forecast to 52,500 from 57,000 and slashed its price target to $210 from $245, a 14 percent reduction that implies more than 20 percent downside over the next year.