Tesla Stock Speeds Toward Brink as Analyst Warns of ‘Outright Disaster’

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By CCN: Tesla stock has been taken to the cleaners this year. Elon Musk’s stand-off with the SEC, terrible Q1 delivery numbers, and an abandoned Gigafactory expansion plan have tested the mettle of even the most bullish investors.

But with the electric vehicle giant scheduled to report earnings next week, one analyst warns that TSLA shares could take an even more bearish turn.

Tesla Stock: Elon Musk Groupies Should Brace for Impact

Tesla stock has cratered this year on one bad news after the other. | Source: Yahoo! Finance

The electric vehicle specialist will release its first-quarter results on April 24. The company already warned investors to expect a steep decline in deliveries that would also miss Wall Street’s expectations.

The Elon Musk-led firm produced 77,100 vehicles in the first quarter of 2019. The