(CercleFinance.com) – Tesla shares fell slightly on the New York Stock Exchange on Thursday, investors hesitating to position themselves pending the release, by the end of the week, of the highly anticipated figures of group deliveries in the second quarter.
At 10:30 am (New York time), the stock lost 0.1% while at the same time, the Nasdaq Composite advanced 0.1%.
On the side of analysts, speculation is rife pending the publication of these figures, the date of which is not known with certainty.
The American automotive group has nevertheless the habit of revealing the figures of its deliveries and its production for the past quarter during the very first days of the month following the end of the quarter.
At Credit Suisse, we say in any case to expect solid performance over the quarter.
The broker anticipates between 205,000 and 210,000 deliveries of electric vehicles in the second quarter, where the consensus is rather around 200,000 units.
Credit Suisse is indeed counting on a ‘record’ month of June (with nearly 115,000 deliveries), a performance that it deems ‘feasible’ in view of the thunderous end of the quarter that the group of Elon Musk usually signs.
Wedbush is more cautious, recalling that ‘Tesla had to deal with a significant shortage of chips and logistics and transport problems (like other automakers) which could mean that around 10,000 cars are still in transit’.
‘That said, if we judge the second quarter to have been chaotic, the trajectory for the second half is favorable and should benefit Elon Musk’s group in the next 12 to 18 months, in particular due to the opening of factories in Berlin and Austin, ‘says Wedbush.
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