Tesla Stares At Another Sales Decline In Q2: Did China Save The Day For The EV Maker?
Portfolio Pulse from Shanthi Rexaline
Tesla Inc (NASDAQ:TSLA) is preparing to release its second-quarter delivery numbers, with expectations set at 440,000 units. This would mark a second consecutive year-over-year sales decline. Analysts have revised their estimates downwards, with RBC Capital Market and Barclays lowering their forecasts. China remains a crucial market, showing a potential mini-rebound in sales. Despite recent struggles, analysts remain optimistic about Tesla's future, particularly with the upcoming Robotaxi Day on August 8. Tesla shares rose 1.84% in premarket trading.
July 01, 2024 | 3:03 pm
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Tesla is set to release its Q2 delivery numbers, with expectations at 440,000 units. This would mark a second consecutive year-over-year sales decline. Analysts have revised their estimates downwards, but there is optimism for a turnaround, especially with the upcoming Robotaxi Day on August 8.
The news highlights both positive and negative aspects for Tesla. While the expected delivery numbers indicate a potential decline, the optimism around future events like Robotaxi Day and a possible rebound in China sales provide a balanced outlook. The premarket rise in shares suggests a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100