Tesla Stock Slump Seen Continuing As Lack of Car Deliveries Weigh: Analysts

Despite the unveiling of a highly anticipated electric SUV in the Model X, Tesla Motors Inc continues to slump.  Over the last month, shares of Tesla have declined almost -12% as analysts turn more bearish on the stock.  Analysts are concerned about the fact that Tesla’s Model X was more expensive than customers were initially told, which led to a wave of cancellations for the new Model X.  Shares of Tesla currently trade at $220.69 and have moved into negative territory for the year, down -0.77%.

Tesla Model X delivery delays spook investors

According to modelxtracker.com, there are 4,323 cancellations through the end of...