Tesla's Model 3 delivery delay prompts bearish note, share-target cut
Tesla Inc.'s TSLA, +1.38% stock price target and deliveries estimate was cut by analyst Ryan Brinkman at J.P. Morgan, citing reports of delays in shipping Model 3s to customers in Europe and China. Brinkman, who reiterated the underweight rating he's had Tesla for at least the past three years, lowered his target to $215, which is 23% below Thursday's closing price, from $230. The stock edged up 0.3% in premarket trade.
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