Barclays expects Tesla to report Q2 deliveries of 415,000 units, down 11% year-over-year and below the consensus estimate of 444,000. However, the firm believes its estimate is “somewhat in line with more muted buyside expectations” and suspects the final Tesla-compiled consensus estimates will end up lower. A soft delivery result could turn investor attention back to the currently challenging fundamental environment for Tesla, as the company is likely to face continued negative revisions on 2024 and 2025 estimates, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
Questions or Comments about the article? Write to editor@tipranks.com