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The count could be "slightly conservative" as a car is counted only "if it is transferred to the customer and all paperwork is correct," Tesla said.
Tesla’s biggest Wall Street bull slashes its price target more than 20% amid the coronavirus market rout
"Obviously, much has changed for TSLA recently, and with that in mind we revise our model," Joseph Osha of JMP Securities wrote.
The market rout snapped a record-breaking rally for Tesla stock, which hit an all-time high close of $917 per share on February 19.
One expert says Tesla’s stock is still expensive, despite plummeting 40% amid the coronavirus market sell-off
Tesla is more vulnerable to economic weakness from coronavirus than high-growth internet-related companies, according to Sacconaghi.
It's a sharp reversal from a year ago, when Boeing's market value was about $200 billion higher than Tesla's.
The recent coronavirus-induced market rout represents "golden buying opportunities" for the top tech stocks, wrote Wedbush analyst Daniel Ives.
Still, traders betting against Tesla are down $6 billion in mark-to-market losses year-to-date, according to data from S3 Partners.
Tesla has a new biggest bull on Wall Street that thinks it could surge 46% on strong growth potential
We have long thought "that TSLA's stock can work as long as the company fields the best products, and that continues to be the case," Osha wrote.
Morgan Stanley warns it’s too early to buy Tesla’s stock — even after a coronavirus-led plunge of more than 20%
"We would wait and see if a challenging 1Q and supply disruptions come to pass before revisiting the stock," Adam Jonas wrote in a Monday note.
On Thursday, Tesla shares lost 13% when China vehicle registration data showed that coronavirus has weighed on demand.