Tesla’s biggest supporters on Wall Street are nervous about the company's first quarter results

"We can't deny some nervousness about Q1 results," Philippe Houchois , an analyst for Jefferies, told clients Wednesday. Despite his long-standing $450 price target — a 40% upside to the stock's latest prices — Houchois is joining other bullish analysts in tampering expectations for the current quarter.

"We lack visibility on how much the decline in pent-up demand will affect deliveries in the U.S.," he continued,"and how much international expansion and lower-price SKUs will boost demand, but we remain confident the net effect will be positive enough for Tesla to thrive in 2019."

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market's fourth-quarter crash and comeback draws comparisons on Wall Street to '87, '95Right now, Wall Street is spending a lot of time debating what year from the past looks most like 2019 – and what that means for the market outlook.
Source: CNBC - 🏆 12. / 72 Read more »