Tesla Q3 EV Delivery Volumes Would Be In 440k-445k Range Amid Factory Downtimes: Analyst
Portfolio Pulse from Lekha Gupta
Wedbush analyst Daniel Ives expects Tesla Inc (TSLA) to announce Q3 delivery numbers in the 440k-445k range, lower than his earlier estimate of 460k/465k, due to longer-than-expected factory downtimes in Shanghai and Austin. Ives also lowered estimates for revenue and EPS for Q3 and Q4. Despite this, Tesla shares are trading higher by 1.10% at $249.11.
September 29, 2023 | 6:49 pm
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Tesla's Q3 delivery numbers are expected to be lower due to factory downtimes, leading to reduced revenue and EPS estimates for Q3 and Q4.
The longer-than-expected factory downtimes in Shanghai and Austin are expected to impact Tesla's Q3 delivery numbers. This, in turn, has led the analyst to lower the revenue and EPS estimates for Q3 and Q4. Despite this, the stock is trading higher, indicating that the market may have already priced in these factors.
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