According to CNBC, a growing number of investors on Wall Street are disappointed with Tesla. Ahead of Tesla's April delivery report and Quarter 1 results, UBS and Redburn Atlantic reiterated their sell ratings on Tesla due to subdued delivery forecasts for the Model Y and a lack of near-term growth catalysts. UBS lowered its price target for Tesla by $24 to $225, while Redburn was more pessimistic with a $160 price target. "We expect sales to stagnate this year without upcoming new vehicles," wrote Redburn analyst Adrian Yanoshik. "The subdued new vehicle registration numbers so far could signal an ongoing demand challenge. At the same time, we expect cash flow to be impacted by deliveries of the new Model Y, which began in March, as inventories build up. Potential US tariffs on imports from Mexico add to the cost burden. "Tesla shares plunged more than 13 per cent at one point on Monday and are down more than 40 per cent so far this year. If the trend fails to reverse, the stock could fall for an eighth straight week following the US election-induced rally, its longest losing streak in 15 years.