** Shares of electric automaker Tesla fall 1.7% to $176.76
** Deutsche Bank and RBC Capital cut forecasts for Q1 deliveries
** RBC estimates 446,000 deliveries for Q1, down from its prior forecast of 500,000 deliveries
** Deutsche cuts estimate to 414,000 units, down from the earlier 427,000 units, due to weaker-than-expected China sales
** Deutsche also cuts TSLA's annual delivery estimates to 1.91 million units versus earlier estimate of 1.96 million units; cuts price target to $200 vs. earlier target of $218
** Also cuts Q1 revenue and EPS estimates, citing various price cuts
** Adding to the competition in China, local smartphone company Xiaomi kicks off sales of its electric car on Thursday, pricing its SU7 at 215,900 yuan to 299,900 yuan ($29,872.02-$41,494.29)
** 17 of 49 brokerages rate the stock "buy" or higher, 21 "hold" and 11 "sell" or lower; their median PT is $193
** Stock has fallen 28.7% so far this year after more than doubling in 2023
($1 = 7.2275 Chinese yuan renminbi)
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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