Tesla Inc will need to rethink its production plans to protect its profits, Wall Street analysts said on Tuesday, after the world's largest electric-car maker reported a fall in quarterly deliveries for the first time in two years.
"Expansion into higher volume segments with lower price points seems fraught with greater risk relative to demand, execution and competition," J.P Morgan analysts said, with the brokerage cutting its price target on the company's shares by $10 to $385.Tesla's shares fell 1.6 per cent to $671 before the bell on Tuesday.
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