Future Fund Managing Partner Gary Black‘s prediction of lowered delivery estimates for Tesla Inc. (NASDAQ:TSLA) proved accurate as Deutsche Bank took the lead, tempering expectations ahead of the electric-vehicle giant’s first-quarter deliveries update in early April.
What Happened: Deutsche Bank reduced its first-quarter deliveries estimate for Tesla from 476,000 units to 427,000 units, Black said in a post on social media. The firm also lowered its 2024 delivery forecast from 2.083 million units to 1.960 million units.
“We expect other analysts to do the same over ...