Credit Suisses Revises Tesla (TSLA) 1Q Deliveries to 75-80k
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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)".
Shares of Tesla closed at $510.26 yesterday.
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