Credit Suisses Revises Tesla (TSLA) 1Q Deliveries to 75-80k

March 31, 2020 6:17 AM EDT
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Credit Suisse analyst Dan Levy reiterated an Underperform rating and $415.00 price target on Tesla (NASDAQ: TSLA) revising 1Q deliveries down to ~75-80k units from 94k.

The analyst stated "we believe a downside 1Q delivery figure for Tesla is ~75-80k units…we choose a range, given the circumstances of uncertainty into the end of the quarter; this is below ‘shutdown reflected’ consensus of ~80k units, and total consensus of ~88k units (which also includes unrevised estimates)".

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $510.26 yesterday.

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