RBC Capital analyst Tom Narayan lowered the firm’s price target on Tesla to $297 from $300 after its Q4 results but keeps an Outperform rating on the shares. The company is issuing vague guidance that delivery growth will be “notably lower” than the +38% growth that Tesla reported in 2023, the analyst tells investors in a research note. RBC maintains that consensus delivery estimates for Tesla are conservative at only 12% growth over the Q4 run rate.
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