Tesla's new deliveries numbers are coming. Wall Street is ready for disappointment
Posted: Jul 01, 2024
- Tesla is expected to report a decrease in deliveries for the first quarter of 2024 - Analysts anticipate a 9-12% year-over-year drop in deliveries - Recent estimates suggest a range of 415,000 to 420,000 deliveries - RBC Capital Markets analyst lowered his estimate to 410,000 deliveries, a 23% decrease - Sales are challenging in the U.S. market with opaque data and incentives in place - Despite lower expectations, Tesla is predicted to show improvement from last quarter - Tesla stock is down more than 20% year-to-date, trading at around $198 per share
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