Tesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.
The latest downward revision came from Loup Ventures co-founder Gene Munster, who wrote that Tesla will likely fall short of delivery expectations this year.
The stock was set to add to a 17% decline since May 14, a $6.88 billion drop in the company's market value.Tesla was set for its seventh straight day of losses ahead of the opening bell Thursday after more Wall Street analysts joined the growing list of brokerages concerned with the company's financial health.
Munster added that his estimate cut included a reduction in expected China deliveries to 40,000 vehicles from 70,000 vehicles. The new number implies that China would account for 13% of deliveries in 2019 versus a prior forecast of 25%.
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