TSLA is going to release its 2024Q2 P&D numbers in the next couple of hours, WS analysts think that total delivery could reach 438,019 (vs 466,140, i.e. around 6% YoY drop).
In my opinion, 438K is still far too high based on continuous checking shared by a lot of non-WS analysts – which is supported by the data regularly released in Mainland China, Europe and the United States. The educated estimates should be ranging from 415K to 420K, implying at least 9% YoY decline.
Recall in January 2024's investor call that Mr. CEO was saying TSLA is between two major growth waves while no further guidance was provided (very tricky to be honest), does it mean "low growth" or actually "no growth"?
More information will be followed post the release of 2024Q2 numbers …
Tesla deliveries set to fall for second straight quarter
Tesla's June-quarter deliveries likely fell 6%, the first time the top EV maker is set to post two straight quarters of decline, as it deals with stiff competition in China and slow demand due to a lack of affordable new models.
The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday.
Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker. It warned in January that deliveries growth in 2024 would be "notably lower" as a boost from months-long price cuts wanes.