By Aditya Soni (Reuters) - Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand that led the ...
By Aditya Soni - Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand that led the automaker to boost discounts, several Wall StreetNS child killer Penny Boudreau and the path to eventual release | SaltWire - Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand that led the automaker to boost discounts, several Wall Street analysts warned in the run-up to the report that could come as early as...
They estimate Tesla will hand over between 439,200 and 455,000 vehicles in the September quarter. That is below the overall Wall Street expectation of 458,713 vehicles, according to an average of 11 analysts' estimates compiled by LSEG. "It's not just supply issues, demand signals remain weak," brokerage Guggenheim said in a note this week."We would expect price cuts to be needed in future quarters."
The company also cut its production plan at its German factory amid soft demand, a report by Business Insider said.Some analysts believe Tesla could rebound in the last three months of the year, thanks to the updated Model 3. The restyled variant comes with a higher price and is expected to launch in Europe and China in the fourth quarter.
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