Here’s a Thought! 29 June, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Tesla’s Q2 (second quarter) sales, impacted by COVID, will be key for the stock dynamics this week. Consensus calls for sales of 67,000 vehicles in most-recent quarter depending on help from reopened Shanghai plant and versus 88,400 vehicles in the first quarter, a performance Elon Musk called its “best ever first quarter”.
Tesla still commits to its goal to sell more than 500,000 vehicles this year, but it has changed its tune somewhat, telling investors in late April it had the “capacity installed” to deliver more than half a million vehicles in 2020 “despite announced production interruptions.”
The electric-car maker’s shares briefly touched a $1000 mark on June, 10, but ever since trends sideways. So we are approaching the genuine moment of truth.
Tesla’s Q2 (second quarter) sales, impacted by COVID, will be key for the stock dynamics this week. Consensus calls for sales of 67,000 vehicles in most-recent quarter depending on help from reopened Shanghai plant and versus 88,400 vehicles in the first quarter, a performance Elon Musk called its “best ever first quarter”.
Tesla still commits to its goal to sell more than 500,000 vehicles this year, but it has changed its tune somewhat, telling investors in late April it had the “capacity installed” to deliver more than half a million vehicles in 2020 “despite announced production interruptions.”
The electric-car maker’s shares briefly touched a $1000 mark on June, 10, but ever since trends sideways. So we are approaching the genuine moment of truth.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.