Tesla (TSLA.US) Q2 deliveries announcement looms, 250,000 is the market sentiment glory line
$Tesla (TSLA.US)$ will announce its second quarter deliveries on Friday or over the weekend. Considering the impact of the closure of Tesla's Shanghai super plant, following the record 310,000 deliveries in Q1, several investment banks expect Tesla's Q2 deliveries to decline, and if more than 260,000 would be ahead of expectations.
Wedbush securities said Tesla's Q2 global deliveries were around 250,000; Citi on Wednesday expected 258,500; Deutsche Bank, Mizuho Securities' forecasts were lower, at 245,000 and 232,000.If Tesla's deliveries can top 250,000, investors could turn optimistic about the company again. It is noted that in seven of the last ten quarters, Tesla's share price has outperformed the market after deliveries were released and before earnings were announced.
The main focus for investors is likely to be the company's production schedule for the second quarter and the impact on the second half of the year.
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