Tesla (TSLA) Q1 Delivery Numbers Slashed by Global Equities' Chowdhry

March 10, 2019 5:21 PM EDT
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Global Equities Research analyst Trip Chowdhry said Tesla (NASDAQ: TSLA) Q1 delivery numbers "could be very bad," He is reducing Model 3 Deliveries estimates to 30,000 units, down from previous estimates of 60,000 Units. He is reducing Model S/X Deliveries estimates to 18,000 units, down from previous estimates of 23,500 Units.

Chowdhry said the price reduction is not stimulating US Demand. Meanwhile, brand dilution is at risk and customers may be viewing lower priced Model 3s to be dummified/stripped version of Model 3.

While the U.S. is struggling, Chowdhry said it appears to them the company is producing high levels of Model 3s with low price, with focus towards Chinese and International consumers.

Chowdhry has been an ultra-bull on Tesla, so today's comments could have an impact come Monday.

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