RBC Capital keeps an Outperform rating and $320 price target on Tesla (TSLA) but expects the company’s Q1 deliveries at 364K, below consensus of 398K. The company’s January-February numbers were impacted by intentional shutdowns for the Model Y refresh, and the firm also expects there was some demand delay given that vehicle as well as the new affordable model coming in Q2, the analyst tells investors in a research note.
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