UBS cuts Tesla's first-quarter delivery estimate to 345,000 vehicles.

UBS analyst Joseph Spak predicts that Tesla's first-quarter deliveries will be 345,000 vehicles, lower than his previous forecast of 360,000 vehicles. Spak stated that this expectation is below the Visible Alpha consensus expectation of 371,000 vehicles, but within the range of the buyer institution's expectations of 330,000 to 350,000 vehicles. Spak maintains a sell rating for Tesla with a target price of $352.