After Tesla (TSLA) announced its Q1 delivery figure of 337,000 vehicles, which was “well below” both the Street’s 352,000 estimate and Street “whisper numbers” of about 350,000, Wedbush said “brand crisis issues are clearly having a negative impact on Tesla…there is no debate.” This delivery number was “a disaster for the bulls with continuous negativity around the TSLA brand,” according to the analyst, who adds: “We are not going to look at these numbers with rose colored glasses…they were a di...

Cantor Fitzgerald says Tesla (TSLA) pre-announced that it delivered 336,681 vehicles in Q1, below the Bloomberg consensus of 377,590. Tesla also pre-announced that it had produced 362,615 vehicles in Q1, below the Visible Alpha consensus of 437,818 vehicles, the analyst tells investors in a research note. The firm says the company’s sales in Q1 were affected by weak demand in Europe and CEO Elon Musk’s “polarizing politics, among other reasons.” Cantor keeps an Overweight rating on the shares wi...

Barclays analyst Dan Levy says Tesla (TSLA) reported Q1 deliveries of 336,000 units, below the consensus estimate of 363,000. The inventory builds 27,000 missed Barclay’s estimate of a 20,000 drawdown, the analyst tells investors in a research note. The firm believes the “weak” Q1 sets up a “challenging path” for even flat year-over-year volume in 2025 for Tesla. A steep ramp is required, with likely reliance on a “still unknown” Model 2.5, Barclays adds. It has an Equal Weight rating on the sha...