利空突袭，特斯拉暴跌！

Core Viewpoint - Tesla's stock has faced significant declines following disappointing delivery numbers for Q1 2025, with analysts predicting further drops in stock price due to various challenges the company faces [1][2]. Group 1: Delivery and Production Challenges - Tesla's Q1 2025 delivery volume was 336,681 vehicles, falling short of the market estimate of 390,343 vehicles and down from 495,570 vehicles in the previous quarter [1]. - The production numbers for Model 3/Y were 345,454 vehicles, below the market estimate of 400,777 vehicles, while other models produced 12,881 units against an estimate of 16,335 [1]. - The company has seen a stock price decline of over 33% year-to-date, with a current market capitalization of $863.5 billion and a stock price of $268.46 per share [1]. Group 2: Analyst Predictions and Concerns - Wells Fargo's report indicates that Tesla's stock may continue to decline towards a target price of $130 per share, suggesting a potential drop of over 50% from current levels [1]. - Analysts predict a slowdown in delivery growth and price cuts will negatively impact Tesla's profitability, with a projected 25% decrease in earnings per share by 2025 due to reduced deliveries and pricing strategies [2]. - Expected declines in deliveries are significant, with forecasts indicating a 40% drop in Europe, a 14% drop in China, and a 3% drop in North America by 2025 [2]. Group 3: Product and Technology Concerns - The anticipated low-cost vehicle from Tesla, priced below $30,000, may not be released as soon as some investors hope, raising concerns about its impact on overall sales and profit margins [3]. - Analysts express skepticism regarding Tesla's autonomous driving technology, citing safety concerns and a lack of comprehensive testing compared to competitors using more advanced systems [3]. - Tesla's current valuation, with a price-to-earnings ratio of 96, is significantly higher than the average of 25 for other major tech companies, raising questions about its attractiveness as an investment [4].