:Tesla Inc shares fell 5 per cent on Monday, dragged down by growing worries about the electric-vehicle maker's profit margins after aggressive price cuts led to only a modest increase in quarterly deliveries.
Several analysts said the figures raised questions about whether more price cuts would be needed this year to achieve CEO Elon Musk's target of 2 million deliveries for 2023. "With delivery targets for the year looking slightly tough to achieve, there could yet be further pressure on the group's valuation despite its sharp falls in the last couple of years."
Bernstein analysts said Tesla"will need to further lower prices this year and/or next year to achieve its volume targets, incrementally pressuring margins."
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