Tesla Inc. is set to release its second-quarter delivery numbers in about eight days. Analysts have mixed expectations, with Wall Street's consensus at 442,000 deliveries, representing a 5% year-over-year decline. However, some analysts, including UBS, forecast around 420,000 deliveries, which would be a 10% year-over-year decline but a 9% increase quarter-over-quarter. This would be worse than the first quarter's 8.5% year-over-year decline. Additionally, Tesla shares have risen by 2.5%. A significant upcoming event for Tesla is the robotaxi event scheduled for August 8.
$TSLA TESLA SHARES UP 2.5%
BREAKING: UBER CEO HAS SOLD 50% OF HIS SHARES 👀 $TSLA Tesla’s robotaxi event on Aug 8 may have influenced him… https://t.co/yUJiTwW2Bx
UBS forecasts Q2 2024 Tesla $TSLA deliveries at ~420K, which would be -10% YoY but +9% QoQ.
$TSLA #robotaxi Aug 8 https://t.co/vl185kiKnw
$TSLA PUMPING 🔥 https://t.co/Owr3ZvrAj2
The next $TSLA data point is 2Q deliveries, due out in about 8 days. IMO WS remains way too high at 442K -5% YoY. My 2Q estimate is now 420K -10% YoY which would be worse than 1Q -8.5% YoY. WS 2Q delivery ests have been coming down in recent weeks but are likely to fall more… https://t.co/O0vk5L6Bbx