Analyst Predicts 17% Downside for Tesla Stock Due to Slumping Deliveries

Lower prices aren't helping Tesla

Tesla delivered 386,810 vehicles in the first quarter, down about 8.5% year over year due to various challenges. Analysts note that Tesla's Model 3 and Model Y deliveries fell short of expectations, despite a 9% price cut. The EV market slowdown has prompted other automakers like GM and Ford to revise their EV strategies.

Should you sell Tesla stock?

Valued at over $530 billion, Tesla's growth outlook is uncertain, fueling concerns of a potential stock decline exceeding 17%. With challenges ahead, investors face a dilemma on whether to hold or sell Tesla stock amid the changing EV landscape.