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Tesla Delivery Results Are Coming. The Real Number to Watch Is Worrying

Tesla's second-quarter delivery results have the power to move the stock. In which direction depends, of course, on what the electric-vehicle maker reports and what investors expect.Tesla typically re

Tesla Delivery Results Are Coming. The Real Number to Watch Is Worrying

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The Real Number to Watch Is Worrying","url":"https://stock-news.laohu8.com/highlight/detail?id=2446606337","media":"Dow Jones","summary":"Tesla's second-quarter delivery results have the power to move the stock. In which direction depends, of course, on what the electric-vehicle maker reports and what investors expect.Tesla typically re","content":"<html><head></head><body><p>Tesla’s second-quarter delivery results have the power to move the stock. In which direction depends, of course, on what the electric-vehicle maker reports and what investors expect.</p><p>Tesla typically reports quarterly deliveries on the second day of a new quarter. For the second quarter of 2024, the Wall Street consensus call compiled by FactSet is about 440,00o cars delivered, down from about 466,000 deliveries a year ago.</p><p>The 440,000 consensus figure is too high because analysts don’t update numbers at the same time. The most recent estimates by individual analysts are lower, and are better guides for investors looking to see how the stock will react when the actual figure is reported.</p><p>RBC analyst Tom Narayan took his second-quarter delivery estimate down to 410,000 from 433,000 on Tuesday. He looks at app downloads and registration data, among other things to come up with his number.</p><p>Narayan rates Tesla stock at Buy with a $227 price target. Guggenheim analyst Ronal Jewsikow has a Sell rating and $126 price target.</p><p style=\"text-align: start;\">Also on Tuesday, Jewsikow moved his estimate up to 419,000 from 409,000 cars.</p><p style=\"text-align: start;\">Other recent updates have come from New Street Research’s Pierre Ferragu, independent researcher Troy Teslike, and Barclays’ Dan Levy. The average of their new numbers is about 419,000.</p><p>What all this means for investors is that a deliveries number from 415,000 to 420,000 should be good enough to support Tesla stock, no matter where the final consensus number lands.</p><p style=\"text-align: start;\">Stock support in the short run is great, but a result in that range still implies a drop of more than 10% year over year. That would be the second consecutive year-over-year decline for Tesla.</p><p>Shares of the EV maker were down 0.2% in premarket trading at $186.90, while S&amp;P 500 and Dow Jones Industrial Average futures were up 0.2% and down 0.2%, respectively. Coming into Wednesday trading, shares were up about 0.5% over the past week. Tesla investors haven’t reacted much to changing delivery estimates.</p><p>Overall, the lack of growth in 2024 has weighed on Tesla’s stock. Through Tuesday trading, shares have fallen about 25% so far this year while the Nasdaq Composite has risen about 18%.</p><p>Wall Street expects sales to pick up later in the year and growth to resume in 2025, powered by more Cybertruck deliveries and a new lower-priced Tesla.</p><p style=\"text-align: start;\">For 2024 Wall Street expects about 1.8 million cars sold, essentially flat with 2023. For 2025, the current consensus call is for 2.1 million cars sold.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Delivery Results Are Coming. 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The Real Number to Watch Is Worrying\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-26 21:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla’s second-quarter delivery results have the power to move the stock. In which direction depends, of course, on what the electric-vehicle maker reports and what investors expect.</p><p>Tesla typically reports quarterly deliveries on the second day of a new quarter. For the second quarter of 2024, the Wall Street consensus call compiled by FactSet is about 440,00o cars delivered, down from about 466,000 deliveries a year ago.</p><p>The 440,000 consensus figure is too high because analysts don’t update numbers at the same time. The most recent estimates by individual analysts are lower, and are better guides for investors looking to see how the stock will react when the actual figure is reported.</p><p>RBC analyst Tom Narayan took his second-quarter delivery estimate down to 410,000 from 433,000 on Tuesday. He looks at app downloads and registration data, among other things to come up with his number.</p><p>Narayan rates Tesla stock at Buy with a $227 price target. Guggenheim analyst Ronal Jewsikow has a Sell rating and $126 price target.</p><p style=\"text-align: start;\">Also on Tuesday, Jewsikow moved his estimate up to 419,000 from 409,000 cars.</p><p style=\"text-align: start;\">Other recent updates have come from New Street Research’s Pierre Ferragu, independent researcher Troy Teslike, and Barclays’ Dan Levy. The average of their new numbers is about 419,000.</p><p>What all this means for investors is that a deliveries number from 415,000 to 420,000 should be good enough to support Tesla stock, no matter where the final consensus number lands.</p><p style=\"text-align: start;\">Stock support in the short run is great, but a result in that range still implies a drop of more than 10% year over year. That would be the second consecutive year-over-year decline for Tesla.</p><p>Shares of the EV maker were down 0.2% in premarket trading at $186.90, while S&amp;P 500 and Dow Jones Industrial Average futures were up 0.2% and down 0.2%, respectively. Coming into Wednesday trading, shares were up about 0.5% over the past week. Tesla investors haven’t reacted much to changing delivery estimates.</p><p>Overall, the lack of growth in 2024 has weighed on Tesla’s stock. Through Tuesday trading, shares have fallen about 25% so far this year while the Nasdaq Composite has risen about 18%.</p><p>Wall Street expects sales to pick up later in the year and growth to resume in 2025, powered by more Cybertruck deliveries and a new lower-priced Tesla.</p><p style=\"text-align: start;\">For 2024 Wall Street expects about 1.8 million cars sold, essentially flat with 2023. For 2025, the current consensus call is for 2.1 million cars sold.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4588":"碎股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4574":"无人驾驶","LU2063271972.USD":"富兰克林创新领域基金","BK4551":"寇图资本持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4581":"高盛持仓","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4511":"特斯拉概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4099":"汽车制造商","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4548":"巴美列捷福持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","TSLA":"特斯拉","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4534":"瑞士信贷持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4585":"ETF&股票定投概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4527":"明星科技股"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446606337","content_text":"Tesla’s second-quarter delivery results have the power to move the stock. In which direction depends, of course, on what the electric-vehicle maker reports and what investors expect.Tesla typically reports quarterly deliveries on the second day of a new quarter. For the second quarter of 2024, the Wall Street consensus call compiled by FactSet is about 440,00o cars delivered, down from about 466,000 deliveries a year ago.The 440,000 consensus figure is too high because analysts don’t update numbers at the same time. The most recent estimates by individual analysts are lower, and are better guides for investors looking to see how the stock will react when the actual figure is reported.RBC analyst Tom Narayan took his second-quarter delivery estimate down to 410,000 from 433,000 on Tuesday. He looks at app downloads and registration data, among other things to come up with his number.Narayan rates Tesla stock at Buy with a $227 price target. Guggenheim analyst Ronal Jewsikow has a Sell rating and $126 price target.Also on Tuesday, Jewsikow moved his estimate up to 419,000 from 409,000 cars.Other recent updates have come from New Street Research’s Pierre Ferragu, independent researcher Troy Teslike, and Barclays’ Dan Levy. The average of their new numbers is about 419,000.What all this means for investors is that a deliveries number from 415,000 to 420,000 should be good enough to support Tesla stock, no matter where the final consensus number lands.Stock support in the short run is great, but a result in that range still implies a drop of more than 10% year over year. That would be the second consecutive year-over-year decline for Tesla.Shares of the EV maker were down 0.2% in premarket trading at $186.90, while S&P 500 and Dow Jones Industrial Average futures were up 0.2% and down 0.2%, respectively. Coming into Wednesday trading, shares were up about 0.5% over the past week. Tesla investors haven’t reacted much to changing delivery estimates.Overall, the lack of growth in 2024 has weighed on Tesla’s stock. Through Tuesday trading, shares have fallen about 25% so far this year while the Nasdaq Composite has risen about 18%.Wall Street expects sales to pick up later in the year and growth to resume in 2025, powered by more Cybertruck deliveries and a new lower-priced Tesla.For 2024 Wall Street expects about 1.8 million cars sold, essentially flat with 2023. For 2025, the current consensus call is for 2.1 million cars sold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}