Target Revisions: Citi Slashes Tesla PT to $196, While Canaccord Genuity Maintains $234

Citi has lowered its price target for Tesla $TSLA from $224 to $196 and maintains a Neutral rating on the stock. The analyst notes that while buy-side estimates for Tesla’s first quarter deliveries are in the low 400,000s, they are significantly lower than the sell-side consensus, which ranges from 460,000 to 470,000 but is decreasing. … Continue reading Target Revisions: Citi Slashes Tesla PT to $196, While Canaccord Genuity Maintains $234