Regarding Tesla, Deutsche Bank Forecasts Deliveries Of 1.91M In FY24 Vs Prior Forecast Of 1.96M
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has revised its forecast for Tesla's FY24 deliveries down to 1.91 million from a previous estimate of 1.96 million, according to Reuters.
March 28, 2024 | 1:34 pm
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Deutsche Bank has lowered its delivery forecast for Tesla in FY24, indicating a potential slowdown in growth or challenges in production or demand.
Analyst forecasts, especially from prominent financial institutions like Deutsche Bank, can significantly influence investor sentiment. A downward revision in delivery forecasts may lead investors to reassess Tesla's growth prospects, potentially leading to short-term negative pressure on the stock price. The revision suggests concerns about Tesla's ability to meet previously expected demand or production targets, which could be due to a variety of factors such as supply chain issues, increased competition, or lower-than-expected demand.
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