Tesla (NASDAQ:
TSLA) is modestly lower in pre-open trade Monday (
-0.9%) following cautious comments from CLSA and Barclays.
According to Notable Calls, the analyst said China sales pace "has not improved markedly, despite a shift in strategy, and that inventories remain elevated." The analyst said they were surprised by the large number of Model S vehicles sitting on the store lot. This suggest there may be large inventory form Tesla's 2014 shipments to work through. Tesla Model S appears to attract only niche buyers in China.
Meanwhile, Barclays is cautious on the company new energy imitative. They said only 3% of solar homes will be using batteries and said customers are better off selling their electricity back to the grid versus using Tesla solution to power a couple of light bulbs.