TSLA daily
TSLA daily

The consensus on deliveries was 377-380K but the whisper number was around 355K. Those compared to 386,810 in the first quarter of 2024.

Shares of Tesla were down 2.3% prior to the report.

Analyst Gene Munster was on CNBC yesterday and said he had taken down his estimate but the long-time bull also dismissed the auto side in favor of 'physical AI', as many of the bulls do. On the auto side, he argued that the political headwinds for Elon Musk's personal brand will fade and that sales will rise 5% y/y in the fourth quarter of this year.

Time will tell.

Source: Forex Live