Tesla’s establishment of new Gigafactories Berlin and Texas are already showing their upsides, beginning with impressive production
, the drop-off can largely be attributed to the production shutdown in Shanghai — and may only be a bump in the road.
In the first quarter, Tesla delivered a total of 310,048 vehicles, and the Q2 drop breaks an eight-consecutive-quarter streak of record-breaking deliveries. Still, some investors see Tesla’s deliveries as having made the best of a bad situation, despite representing an 18 percent drop from the prior quarter.
In one report, Wedbush analyst Daniel Ives called 250,000 a “line in the sand” for investors, saying that anything below this number would be considered a disappointment by shareholders. Ives also added that the upward arc of the second half of the quarter will be what many investors are focused on, with June’s production numbers being an encouraging sign.
“In a nutshell, while [Q2] delivery numbers were ugly and nothing to write home about the Street will be focused on the trajectory for [the second half],” Ives wrote in a note.In the past, strong deliveries have been an early indicator of positive things for Tesla’s stock. Following 7 out of the last 10 quarters where Tesla delivered more than analysts’ estimates, the automaker’s shares have outperformed the market during the period from delivery reporting and quarterly results.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US inflation surges again in June, raising risks for economySurging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.
Consulte Mais informação »
US inflation surges again in June, raising risks for economySurging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve
Consulte Mais informação »
Inflation hits 40-year high in June, Biden calls data 'out of date'The growth in inflation was fueled by a massive increase in gas and energy prices. The price of energy increased 7.5% in June alone and went up 41.6% for the 12 months ending in June.
Consulte Mais informação »
China June copper imports jump 15% on prior monthDemand picked up following the lifting of covid-19 lockdowns that had hurt manufacturing activity. copper
Consulte Mais informação »
City of LA records lowest water use in month of JuneSoon after strict water restrictions were imposed on customers, Los Angeles saw its lowest water usage yet.
Consulte Mais informação »
US Inflation Reached a New 40-year High in June of 9.1%Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve
Consulte Mais informação »