(Bloomberg) — Tesla Inc. tumbled 4.9%, its biggest drop in a month, after analysts at Cowen said vehicle deliveries may miss the company’s target this year as Model 3 demand slumps.“Excluding the Netherlands and China, we expect Model 3 deliveries to be down 9% quarter over quarter and 7% year over year in the fourth quarter, which highlights the demand saturation we are seeing across most mature markets as we shift from pent-up demand to steady flow demand,” analyst Jeffrey Osborne wrote in a note dated Dec. 29. Tesla may deliver some 356,000 vehicles for this year, slightly below the …read more
Source:: Yahoo Finance
