Tesla Inc (TSLA)

[boston745]

Isnt it odd theres a pump before Tesla releases its Q2 numbers? Ahh this is likely why, another YoY drop expected but up over Q1. Things are going to get worse, as in more uncertain, as the year progresses and we get closer to the US presidential election. A market correction of overinflated prices, is way overdue and maybe in store post election.

Tesla reports second-quarter global vehicle deliveries on Tuesday with analysts expecting the total to come in under the current consensus.

Analysts, as of Monday, predict global second-quarter Tesla deliveries will total 436,000 vehicles, according to FactSet. The consensus view at the end of May called for 448,000 deliveries. It has dropped 3% since then.

The current estimate would be down 6.5% compared to last year's 466,140 deliveries. But it would be a 13% increase compared to Q1.

However, many analysts believe Tesla deliveries will come in below 436,000. On Friday, Wedbush Securities analyst Dan Ives, a longtime Tesla bull, wrote deliveries should approach that consensus number. He added that "whisper numbers" are in the 415,000-420,000 range.

https://www.msn.com/en-us/money/companies/tesla-q2-delivery-expectations-coming-down-but-the-key-number-might-be-energy-storage/ar-BB1pcUFn