Tesla finished up 2.55% today. Here was the the Reuters tweet.
Shares of Tesla sank after Wall Street analysts said the
electric-car maker will need to rethink its production
plans to protect its profits, as the company reported a
fall in quarterly deliveries for the first time in two years
reut.rs/3P30vX1 STSLA
Wall Street analysts said the
electric-car maker will need to rethink its production
plans to protect its profits, as the company reported a
fall in quarterly deliveries for the first time in two years
Brain dead?
Denny Schlesinger
Tesla China delivered a record 78k cars in June.
Previous record was 65.8k in march.
June 2021 deliveries were 31,155
July is forever ago. Numbers since then have been excellent. That does not stop naysayers and shortsellers from spreading fear for any reason they can dream up.
Tesla earnings are due Apr 19. We will be watching closely. Tesla enters the quiet period before earnings when they cannot respond to comments no matter how off base.
Tesla continues to expand production. They reported those numbers for first quarter recently. They have been cutting prices. We shall see what happens to earnings.
Tesla has new modern efficient plants. They should be low cost producers compared to the competition–most of which are just starting production.