Posted 3/28/2024, 12:33:30 PM
Tesla Bulls Turn Bearish As 'Nightmare' First Quarter Comes To An End
- Tesla facing first quarterly disappointment in 2024 with likely delivery miss and earnings revisions dropping 94 cents since end of 2023
- Wedbush analyst Dan Ives calls quarter a "nightmare" with demand clouds forming amid China struggles
- Tesla dealt with Model 3 production issues in U.S. while facing slowing sales in Europe and rising competition in key China market
- Multiple analysts slash Tesla price targets and 2024 delivery/EPS forecasts ahead of Q1 results
- TSLA stock down 11% in March, hitting 2024 lows recently, as narrative turns very negative among formerly bullish analysts