If the coronavirus is a wound which Tesla (TSLA) has so far managed to cover up, then, according to Wedbush analyst Daniel Ives, “the band-aid just got ripped off.”Confirming the Street’s concerns, the release of April and May registration figures for Model 3s in California – Tesla’s “core sweet spot,” – indicated a year-over-year drop of 37%.“Domestically speaking California remains a linchpin to Model 3 success for Tesla and now all eyes shift to the trajectory in the month of June and especially into the core summer months heading into Fall in hopes of a rebound as Fremont enters 2H,” …read more
Source:: Yahoo Finance
