Analysts are lowering their estimates on Tesla’s car deliveries this quarter, as some even prepare for the electric vehicle company’s first sales decline in 4 years, reports Bloomberg.
Tesla is expected to disclose its first-quarter delivery and production numbers this week, according to Investor’s Business Daily. Analysts who spoke with Bloomberg expect Tesla to deliver an average of 449,080 electric cars in the first quarter of 2024, down from the record 484,507 deliveries Tesla reported in Q4 but higher than the 422,875 deliveries Tesla announced at the same time last year.
Financial data firm FactSet sets a higher estimate, at 457,000 deliveries, according to Axios.
Tesla CEO Elon Musk at the opening
→ Continue reading at Entrepreneur