UBS lowers Tesla's Q1 delivery forecast to 345,000 vehicles

Spak stated that this expectation is lower than Visible Alpha’s consensus forecast of 371,000 units, but aligns with the buy-side institutions’ expected range of 330,000 to 350,000 units. This adjustment in outlook is based on factors such as the slowdown in the US electric vehicle market, the gradual contraction of Model S and Model X models, European sales data, and production at the China factory. Spak maintains a sell rating on Tesla, with a target price of $352.