Tesla under pressure on Wall Street

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Now that the US earnings season is over, investors will have to rely on other data to gauge a company’s performance in the coming weeks.

At Tesla

The number of cars produced and delivered is always awaited with great interest, which is a telling indicator of the electric car manufacturer’s turnover figures. Tesla would normally report production and delivery figures for the first quarter of 2024 later this week

Analysts expect an average of 457,000 cars sold, 8 percent more than during the same period last year. Analyst estimates vary considerably, from 414,000 to 511,000 copies sold.

In recent months, the market has become a lot more cautious about the growth prospects of Elon Musk’s car company. Tesla has already lost 30 percent of its stock market value this year. A disappointing delivery figure could make the loss much greater later this week.

The share is down 2 percent today.

457,000

delivery figures

Analysts expect an average of 457,000 cars delivered, 8 percent more than during the same period last year.

The article is in Dutch

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