UBS Forecasts Tesla Q2 2024 Deliveries At ~420K, Which Would Be -10% YoY But +9% QoQ; ; New Forecast Below Visible Alpha Consensus Of 445K; Based On Investor Conversations, Expectations Range Between 410K-425K
Portfolio Pulse from Benzinga Newsdesk
UBS forecasts Tesla's Q2 2024 deliveries at approximately 420,000 units, which represents a 10% year-over-year decline but a 9% quarter-over-quarter increase. This new forecast is below the Visible Alpha consensus of 445,000 units. Investor expectations range between 410,000 and 425,000 units.
June 24, 2024 | 1:29 pm
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UBS has forecasted Tesla's Q2 2024 deliveries at around 420,000 units, which is a 10% decline year-over-year but a 9% increase quarter-over-quarter. This forecast is below the Visible Alpha consensus of 445,000 units, and investor expectations range between 410,000 and 425,000 units.
The forecasted delivery numbers are below the consensus, which could create some negative sentiment. However, the quarter-over-quarter increase might mitigate some of the negative impact. Overall, the news is mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100