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Barclays cuts Tesla (TSLA) Q2 estimate to 251k from 315k over China challenges

News Snapshot:

To state that Tesla’s second quarter this year has been challenging would be an understatement. With Giga Shanghai being shut down for several weeks, the company’s overall vehicle production and delivery figures for Q2 2022 would likely be adversely affected. It appears that Wall Street is taking these factors into consideration. In a recent update, Barclays noted that Tesla’s electric vehicle deliveries for the second quarter would likely come below expectations in the second quarter due to Shanghai’s Covid-19 lockdowns. As a result, Barclays opted to lower its estimate for Tesla’s second quarter figures from 315,000 vehicles to a more…

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