TECH - Tesla Q2 Deliveries: Fund Manager Predicts 4% Shortfall Ross Gerber Calls It A 'Low But Special Number' | Benzinga
Tesla, Inc. (NASDAQ:TSLA) is scheduled to report its second-quarter deliveries ahead of the market open on Tuesday and as analysts finetune their expectations, a bullish fund manager chose to err on the side of caution.
What Happened: Tesla will likely report second-quarter deliveries of 420,000 units, which would mark a 10% year-over-year drop, said Future Fund Managing Partner Gary Black. The company-compiled consensus is 437,800 units and the consensus estimate compiled by Bloomberg is 439,300, the fund manager said. Black’s estimate is 4.1% below the company-compiled consensus and 4.4% below the Bloomberg-compiled consensus.
Black also noted that Tesla forecaster Troy Teslike’s final second-quarter estimate is at 423,000 units, upwardly revised from his prior estimate of 416,000 units.
Commenting on the estimates, Ross Gerber, CEO of ...