Reported 9 months ago
Analysts are forecasting a less optimistic second-quarter delivery volume for Tesla, with estimates around 440,000 vehicles, a more than 5% decrease from the previous year. This forecast may negatively impact the electric car giant's stock price, which has seen a cumulative drop of over 24% this year. Analysts hold mixed predictions, with RBC analyst Tom Narayan revising estimates downward to 410,000 vehicles while maintaining a 'buy' rating, and Guggenheim Securities analyst Ronald Jesikow increasing estimates to 419,000 vehicles but giving a 'sell' rating. Wall Street projects Tesla's annual sales to remain steady at 1.8 million vehicles in 2024, with growth expected to resume in 2025 to reach 2.1 million. Tesla has also issued recalls for the Cybertruck for wiper and cargo bed issues, marking the third and fourth recalls for the vehicle, as Ford announces the recall of over 500,000 2014 F-150 trucks for potential gearbox problems.
Source: YAHOO