Bank Warns of Tesla Stock Collapse

Tesla's U.S. sales hit a four-year low earlier this year, weighing on its share price.

HSBC analyst Mike Tyndall reiterated a "reduce" rating and expects shares to fall to about $131 within a year.

Tesla plans to begin Cybercab mass production next month and awaits Full Self-Driving approval in the Netherlands.

Tesla will report first-quarter deliveries on Thursday amid pressure to show a rebound in EV sales.