Tesla Q2 Deliveries: Fund Manager Predicts 4% Shortfall, Ross Gerber Calls It A 'Low But Special Number'
Portfolio Pulse from Shanthi Rexaline
Tesla is expected to report its Q2 deliveries, with estimates suggesting a potential shortfall. Fund manager Gary Black predicts 420,000 units, below the consensus of around 438,000 units. Ross Gerber and other fund managers have trimmed their Tesla holdings amid stock downturns and management criticisms. The Q2 delivery update is a key catalyst for Tesla's stock, which has recently rallied.
July 02, 2024 | 6:09 am
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Tesla is expected to report Q2 deliveries of 420,000 units, below the consensus estimates of around 438,000 units. This shortfall could impact the stock price, which has recently rallied.
The predicted shortfall in Q2 deliveries is significant as it is below both company-compiled and Bloomberg-compiled consensus estimates. This could negatively impact Tesla's stock price in the short term, despite the recent rally.
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IMPORTANCE 90
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