Even the staunchest of bulls are worried about Tesla's results this quarter.
"We can't deny some nervousness about Q1 results," Philippe Houchois , an analyst for Jefferies, told clients Wednesday. Despite his long-standing $450 price target — a 40% upside to the stock's latest prices — Houchois is joining other bullish analysts in tampering expectations for the current quarter.
"We lack visibility on how much the decline in pent-up demand will affect deliveries in the U.S.," he continued,"and how much international expansion and lower-price SKUs will boost demand, but we remain confident the net effect will be positive enough for Tesla to thrive in 2019."
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