TSLA has some challenges ahead
If $Apple(AAPL)$ 's waning sales in China are any indication of Chinese consumer appetite for US brands, $Tesla Motors(TSLA)$ has some challenges ahead.
We'll have weekly NEV insurance figures out tomorrow. If that doesn't pick up substantially from the previous week, it's one sign that actual demand isn't as strong as 200k reservations for Model Y facelift suggested.
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JP Morgan expects TSLA to report its worst quarterly deliveries in three years:
“We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly."
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