With just days to go for the release ofTesla, Inc.'s(NASDAQ:TSLA) first-quarter deliveries update, an analyst on Wednesday reaffirmed his bullish stance but reduced the price target for the stock.

The Tesla Analyst:Wedbush analystDaniel Ivesmaintained an Outperform rating on the stock and cut his price target from $315 to $300.

Twin Troubles: Tesla has been haunted by both demand and supply-side issues, said Ives in a note. The first quarter has been nightmarish for Tesla as China demand remained very soft from the beginning of the quarter, and factory planned downtimes and the Berlin...