In today’s briefing:
- Soft Tesla Q2 Deliveries Disappoint
Soft Tesla Q2 Deliveries Disappoint
- Weak deliveries tracked my cautious estimate, but fell near the low end of rapidly declining market consensus as investors grapple with Tesla’s struggles;
- I expect weak sales in China and Europe, the world’s largest EV markets, likely accounted for most of the sizable drop versus the past two quarters;
- The biggest question for investors: is Tesla stabilizing or will it continue to fall behind more robust competitors.
Before it’s here, it’s on Smartkarma
