Tesla's 'Autonomy Day' fell flat with analysts - now Wall Street is bracing for its Q1 results

Rating: Underweight

Price target: $200

"Maintain already lowered estimates following 1Q18 Model 3 deliveries disappointment," analysts led by Ryan Brinkman wrote in a note to clients on Monday.

The firm's estimates reflect Tesla's soft first-quarter deliveries "and flow-through of what we see as reduced underlying demand going forward for the higher ASP S & X," referring to the higher average selling price of the Model S and Model X.

Rating: Underperform (downgraded from "in-line")

Price target: $240 (from $330)

"The change in recommendation and lower PT are driven by a more cautious view on demand across all Models (M3 global/SR+ launch), but in particular the recent severe decline in demand for Model S/X," analysts led by Arndt Ellinghorst told to clients on Monday.

Rating: Sell

Price target: $210

"Heading into and coming out of the event, our investor conversations were mixed — but more cautious given upcoming earnings," analysts led by David Tamberrino wrote in a note to clients on Tuesday.

"In the near-term, there were concerns about demand — not just sustainable demand levels for the Model 3 but also questions as to the drop-off in Model S/X deliveries in 1Q19."

The firm lowered its first-quarter EBITDA estimate to around $400 million, reflecting a 31% drop from its prior estimate.

Rating: Outperform

Price target: $437

"Beyond Model 3 demand and cost reduction driving operating cash flow, we believe the Model S & X refresh cycle and pricing strategy are in focus for short-term investors while the longer term story is increasingly weighted to China sell-through," analysts led by Colin Rusch wrote in a note to clients out last week.

Rusch and his team lowered their Model S and Model X 2019 delivery expectations, but maintained their long-term bullish view.