Tesla's Rollercoaster Ride: Delivery Estimates, Shareholder Woes, and Stock Price Outlook

1 min read
Source: Electrek.co
Tesla's Rollercoaster Ride: Delivery Estimates, Shareholder Woes, and Stock Price Outlook
Photo: Electrek.co
TL;DR

Tesla's (TSLA) Q1 2024 delivery estimates are fluctuating widely on Wall Street, with analysts revising their predictions to as low as 420,000 deliveries, down from previous estimates of 475,000. The overall consensus now stands at around 458,500 deliveries, but some suspect it could be even lower. The company is expected to release its Q1 2024 delivery and production numbers early next week, and anything below 450,000 deliveries would be concerning for Tesla. The decrease in estimates is attributed to concerns about demand and potential production challenges, including the recent arson attack on Gigafactory Berlin.

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