In a research note titled “Mind the Gap Overseas,” Nomura Instinet analyst Romit Shah keeps a Neutral rating on Tesla with a $300 price target. The stock closed Monday down $1.07 to $332.80. The analyst remains constructive on Tesla longer term but thinks there will be an opportunity to accumulate shares at a better price. He expects Tesla will report Q4 deliveries this week with Model 3 volumes in the low- to mid-60,000 range, approximately in line with consensus. More importantly, Q4 deliveries “are likely to be as good as it gets” for the next one-to-two quarters due to an in-transit lag with Europe, U.S. federal tax credit phase-out, lower U.S. Model 3 backlog and macroeconomic weakness, Shah tells investors.