TESLA : Wedbush cuts its price target
'The first quarter has proved nightmarish for Tesla in terms of deliveries, while demand in China remains very weak', the broker points out, reducing its delivery estimates for the quarter ending from 475,000 to 425,000.000 to 425,000.
Despite 'dark storm clouds gathering in the near term', Wedbush remains positive on Tesla for the next few years, believing that its stranglehold on the electric vehicle market will strengthen.
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