Earnings ForecastAnalyst reiterates an underweight rating and lowers price target to $120 reflecting concerns over Q1 earnings miss and weak deliveries.
Financial PerformanceGlobal layoffs of more than 10% of its workforce indicate a decline in demand, not just supply chain issues.
Product And Market StrategyIncreased competition in China and pricing cuts, such as the 9% price reduction for Model Y in Australia, indicate potential pressure on the company's market position.