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Tesla Deliveries Due After Shanghai Production Woes; Tesla Stock Hits Resistance

June 28, 2022
Source: onlineev.com onlineev.com
News Snapshot:
Tesla ( TSLA ) is prone to announce international manufacturing and supply information for the second quarter later this week, after the Covid lockdowns and restrictions considerably diminished Shanghai plant manufacturing for a lot of the quarter. CEO Elon Musk has additionally cited supply-chain woes for limiting output elsewhere. X Wall Avenue has revised down estimates all through the quarter. Analysts polled by FactSet on common count on Tesla to ship 273,000 autos in Q2, with forecasts starting from 249,000 to 323,000. Larger deliveries than Q1’s file 310,048 appears extremely implausible given Tesla’s uncommon challenges, suggesting that some analysts merely...
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