Tesla Inc (TSLA)

[boston745]

Tesla shares rise on better-than-expected Q2 deliveries report

Not good for the public that more Teslas sold as that means more Teslas to go out of control. However the only reason Tesla "beat expectations" was because Wall Street lowered them from 448,000 in May.

Tesla just posted its second-quarter vehicle production and deliveries report for 2024, reporting that it produced 410,831 vehicles and delivered 443,956.

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.

Tesla’s deliveries beat Wall Street estimates, but the total number was down 4.8% from a year earlier.

Instead of being down 6.5% YoY its down 4.8%.

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.

I wonder if Mr Ives "whisper numbers" was sourced from production numbers? Manipulation at its finest.
Now instead of inventory being about 150k, its 110k.

Tesla = fake it until you make it scam
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Quote Sources:
https://www.cnbc.com/2024/07/02/tesla-tsla-q2-2024-vehicle-delivery-and-production-numbers.html
https://www.msn.com/en-us/money/companies/tesla-q2-delivery-expectations-coming-down-but-the-key-number-might-be-energy-storage/ar-BB1pcUFn