Tesla Faces Delivery Shortfalls, Production Setbacks Amid Slowing Demand

Tesla deliveries expected to badly miss estimates for Q1, now seen at just 425,000 versus 475,000 previously expected
Demand remains very soft in key China market coming into 2024
Production issues like Berlin factory fire and Model 3 upgrade problems exacerbating supply constraints
Sentiment around Tesla growth story as negative as it's ever been, concerns seeming warranted
Wedbush analyst Ives cuts Tesla price target from $315 to $300 based on lower delivery projections, but keeps Buy rating