Tesla Faces Delivery Headwinds in Q1 Amid Broader Economic Concerns
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Analysts have cut Q1 delivery estimates for Tesla amid concerns over EV demand, China, and the economy. Estimates now range from 414k to 484k, down from prior forecasts.
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Wedbush analyst called it a "nightmare quarter" and cut his full year forecast citing soft China demand.
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Q1 deliveries expected to drop sequentially from Q4 record of 484,507 units, breaking recent trend of sequential growth.
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Analysts also cutting full year delivery forecasts based on weak Q1 numbers.
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Tesla stock down 29% YTD. Weak Q1 deliveries next week could send shares lower, but offer buying opportunity for long-term investors.