Tesla is expected to deliver fewer vehicles in Q2, but attention shifts to energy storage.

From Investor’s Business Daily: 2024-07-01 16:09:07

Tesla, symbol TSLA, announces global vehicle delivery numbers for Q2, with analysts expecting a total below current consensus. Despite EV demand slowing, attention shifts to energy storage figures. TSLA shares rise ahead of the report. The predicted Q2 global deliveries are 436,000 vehicles, down 6.5% from last year. Analysts offer differing estimates, with delivery projections ranging from 410,000 to 425,000 units. Additionally, Tesla will reveal its energy storage metrics for Q2. The company is also gearing up for an August 8 robotaxi reveal. After surging last week, TSLA stock now trades above its 200-day moving average.



Read more at Investor’s Business Daily: Tesla Stock: Q2 Delivery Expectations Are Coming Down. But What About Energy Storage?