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Tesla drops 5% when China highlighted the risk – Tesla, Inc. (NASDAQ: TSLA)



Tesla (NASDAQ: TSLA) falls again in the pre-session as another prominent analyst voices concerns over the EV automaker. Loup Ventures analyst Gene Munster announced that the company had lowered its delivery forecast for 2019 by 10% to 310,000 vehicles versus 310,000 vehicles. Tesla's own forecast of 360,000 to 400,000 units.

"We now take into account that Tesla's supplies are affected by tariffs in China, and our view is a minority as most investors assume that Tesla will be exempted from duties due to the company's investment secondly, influenced by non-tariff factors, such as the boycott of Tesla by Chinese consumers and additional complexity in the delivery process, "Munster writes global EV growth curve due to confidence in the company's cash position after the $ 2.7 billion increase , -22.22% in 30 days and -42.09% over the year.

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