Tesla’s Q2 Deliveries and Earnings Preview
<p>Analyst at Deutsche Bank lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla, Inc. (NASDAQ:TSLA)</a> to $1,125 from $1,250 ahead of the company’s Q2/22 deliveries and production figures report, expected to be released this weekend.</p>
<p>The analyst lowered their Q2 deliveries estimate by 65,000 to 245,000 units (up 22% year-over-year, down 21% quarter-over-quarter), reflecting a prolonged Covid-19-related shutdown and logistical challenges in the Shanghai factory. </p>
<p>The analysts reduced their Q2 revenue estimate from $19.2 billion to $15.5 billion on volumes and automotive gross margin estimate to 26.4% from 28.7% reflecting the late impact of the prolonged Shanghai shutdown as well as new factory cost ramp in the quarter.</p>
<p>The analysts lowered their Q2 EPS to $1.66 from the prior $2.71. The Street anticipates 287,000 units, $17.7 billion in revenue, and $2.04 in EPS.</p>

NASDAQ:TSLA