Tesla's Q3 Delivery Numbers Could Challenge Wall Street Projections: 'Factory Shutdowns To Drive Material Miss,' Says Analyst
Portfolio Pulse from Benzinga Neuro
Tesla Inc. is set to report its Q3 delivery numbers, with Wall Street estimates potentially not decreasing rapidly or significantly enough in anticipation. The consensus among FactSet-tracked analysts has dropped to 461,000 units, a 2.5% decrease from the initial 473,000 units. However, New Street Research analyst Pierre Feragu forecasts 438,000 units, a 5% decline from the current consensus, citing factory shutdowns as the reason. Despite the anticipated shortfall, Feragu remains confident.
September 26, 2023 | 5:50 am
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NEGATIVE IMPACT
Tesla's Q3 delivery numbers could be lower than Wall Street estimates due to factory shutdowns. Despite this, analysts remain confident in the company.
The news directly mentions Tesla and discusses its upcoming Q3 delivery numbers. The lower than expected delivery numbers due to factory shutdowns could negatively impact the company's stock price in the short term. However, the confidence expressed by analysts could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100