Guggenheim lowered the firm’s price target on Tesla (TSLA) to $170 from $175 and keeps a Sell rating on the shares after updating the firm’s delivery and margin forecasts to incorporate quarter-to-date data. The firm now sees Q1 deliveries of 358,000 down from a 405,000 prior view and “well below” the current consensus forecast of 420,000, the analyst tells investors.
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