Tesla, Inc. (NASDAQ:TSLA) is set to report its first-quarter deliveries early next week, and on Sunday, a fund manager reiterated his warning that the figures may significantly miss the current forecast.
What Happened: Gary Black, managing partner of Future Fund, highlighted the risk of Tesla’s first-quarter volume falling well below the consensus estimate, which currently stands at 468,000 units. Black anticipates the number to be around 425,000 units, roughly on par with the year-ago volume of 423,000 units.
He mentioned that Tesla’s Investor Relations-compiled consensus would be released on Friday or Saturday, with the company likely to announce the number on April 2.
See Also: Everything You Need To Know About Tesla Stock
What About Soft Numbers? Black suggested that Tesla investors may overlook the first-quarter shortfall due to the Model 3 upgrade at the ...