
"Tesla Inc. took the unusual step of publishing a series of sales estimates indicating the outlook for its vehicle deliveries may be lower than many investors were expecting. The carmaker posted estimates to its website showing analysts on average expect the company to deliver 422,850 cars in the fourth quarter, down 15% from a year earlier. That compares with a Bloomberg-compiled average of 440,907 vehicles, an 11% drop."
"While Tesla's investor relations team has compiled sales estimates and shared averages selectively with analysts and investors for years, the company hasn't published the figures in the past. This is highly unusual, Gary Black, co-founder of Future Fund Advisors, wrote on X. Obviously, someone at TSLA wanted the IR-derived consensus to be distributed as widely as possible, he added, speculating that Tesla's deliveries are likely to be in the range of 420,000 vehicles."
"Tesla is on course for its second consecutive drop in annual vehicle sales, with the company compiling an average estimate for 1.6 million deliveries, down more than 8% from a year earlier. Tesla's sales plunged early in the year as the company retooled production lines at each of its assembly plants for the redesigned Model Y, its most popular vehicle."
Tesla posted sales estimates on its website showing analysts on average expect 422,850 fourth-quarter deliveries, down 15% year-over-year and below a Bloomberg-compiled average of 440,907. The investor relations team has previously compiled such estimates privately but had not published them publicly. External observers noted the move as unusual and speculated deliveries may be near 420,000. Tesla is on track for a second straight annual sales decline with an average estimate of 1.6 million deliveries, down over 8%. Early-year production retooling for the redesigned Model Y and shifts in incentives drove volatile quarterly delivery patterns.
Read at www.mercurynews.com
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