Tesla shares extend losses as brokerages flag challenged near term outlook

** Shares of Tesla TSLA down 1.9% at $158.40 premarket

** TSLA's shares closed down over 5% on Monday after laying off more than 10% of its global workforce

** Two senior leaders, battery development chief Drew Baglino and vice president for public policy Rohan Patel, also announced their departures

** "We believe the headcount reductions could point to a more challenging mid-term outlook as TSLA looks to balance costs" according to Mizuho

** The layoffs on Monday should dispel the notion that Tesla's disappointing Q1 deliveries was a supply problem rather than a demand one, according to J.P. Morgan

** 16 of 49 brokerages rate the stock "buy" or higher, 22 "hold" and 11 "sell" or lower; their median PT is $176 - LSEG data

** Up to last close, stock had fallen 35% YTD