Tesla Q2 Deliveries Expected to Jump 12.5% Sequentially to 402,780 Vehicles
TSLA sits 45% above its 52-week low of $288.77.
Summary
Analysts project Tesla's Q2 vehicle deliveries to reach 402,780, marking a 12.5% sequential increase and a 5% year-over-year rise. This expected rebound is largely attributed to a significant recovery in European sales, projected to grow nearly 40%, driven by higher fuel prices and the potential for broader Full Self-Driving (FSD) rollout. This offsets an anticipated 21% decline in North American sales. Strong delivery figures are a key indicator of demand and operational health for Tesla, suggesting a positive trajectory for the company's core automotive business despite regional headwinds. Official Q2 delivery numbers are anticipated on Thursday, and an EU vote on a broader FSD rollout is expected later this year.
At the time of this announcement, TSLA was trading at $417.70 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.6T. The 52-week trading range was $288.77 to $498.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.