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Tesla Analysts Remain Skeptical of Musk's Demand Outlook

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Tesla Inc. shares closed down 3.6% on Wednesday after analysts expressed skepticism about chief executive Elon Musk’s latest claim that the company’s sales in the second quarter could touch record levels.

The electric vehicle maker’s annual meeting Tuesday did not have much “new news,” Cowen said, while Wedbush said the company is now facing a “fork in the road scenario.”