GLJ Research reports deliveries of Tesla (TSLA) vehicles in five countries in Europe are down about 56% through the first 51 days of Q1, while China is down 7.0% year-over-year through the first seven weeks of Q1 and Australia has seen a 33% year-over-year fall in Model Y sales in January. Taking all of that into account, “things are shaping up disastrously” for Tesla’s Q1 car sales, argues the long-time bear, who estimates the delivery number for Q1, so far, looks like it will come in around 360,000-370,000 units versus the current Wall Street estimate of 426,.977. GLJ Research maintains a Sell rating on Tesla shares.
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