Tesla's Q2 deliveries are expected to fall 11% year-over-year to 415,000 units, according to Barclays. This figure is below the consensus estimate of 444,000 units. Barclays has reiterated its equal-weight rating for Tesla with a price target of $180. The decline in deliveries is attributed to a 25% drop in Europe and a 9% drop in China for the quarter-to-date. Barclays believes its estimate is somewhat in line with more muted buyside expectations. Wall Street consensus for Q2 deliveries is 443,000 units, and The Fly reported that Tesla would miss this consensus.
Tesla Deliveries in Q2 Expected to Fall 11%, Barclays Says - EV $TSLA https://t.co/2mSAv3Tf3M
$TSLA | Barclays expects Tesla to report Q2 deliveries of 415,000 units, DOWN 11% YoY and BELOW the consensus estimate of 444,000." However, Barclays believes its estimate is 'somewhat in line with more muted buyside expectations' and suspects the final Tesla-compiled consensus…
$TSLA | Barclays Reiterates Equal-weight Rating with PT of $180 Analyst Comments: "We expect Tesla to report Q2 deliveries of 415,000 units, DOWN 11% YoY and BELOW the consensus estimate of 444,000." However, Barclays believes its estimate is 'somewhat in line with more muted…
$TSLA 2Q deliveries to miss WS consensus, says Barclays. Source: The Fly https://t.co/A1ZvodRUCy
With today's official Europe deliveries for May for $TSLA, Consensus 2Q deliveries -4.8% Y/Y to 443K look aggressively high. Europe -25% QTD China -9% QTD https://t.co/2Ruo7jEioi