Tesla Stock Set To Lose For 4th Straight Day? Fund Manager Warns Wall Street May Slash Q1 Delivery Estimates Soon
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) is on track to decline for the fourth consecutive day amid concerns over a shutdown at its Giga Berlin factory affecting Q1 deliveries. The shutdown, caused by suspected arson leading to a power outage, may result in a loss of 9,000 units of production. Despite this, Future Fund's Gary Black maintains his Q1 delivery estimate at 425,000 units, below the analyst consensus of 474,000 units. Tesla's stock has been trading lower, with a 2.32% drop on Wednesday and a further 1.42% decrease in premarket trading on Thursday.
March 07, 2024 | 12:14 pm
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Tesla's stock is likely to face short-term pressure due to concerns over the impact of the Giga Berlin factory shutdown on Q1 deliveries. The shutdown may result in a loss of 9,000 units, affecting investor sentiment.
The shutdown at Tesla's Giga Berlin factory due to suspected arson has raised concerns about its impact on Q1 deliveries, potentially leading to a loss of 9,000 units. This situation, combined with the stock's recent decline and the possibility of Wall Street revising delivery estimates downwards, suggests a negative short-term impact on Tesla's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100