Quick Look: Tesla preliminary Q2 deliveries in China look weak
Quick Look: Tesla preliminary Q2 deliveries in China look weak
Early indications for Tesla's deliveries in China in June track my estimates. If so, that's bad news for Tesla.
Uh oh Tesla. Preliminary look at Q2 China deliveries is 61.5k (down 11% vs Q1).
Indicates 27.9k for June just under my below-market consensus estimate of 30k which also checked with implications I calculated from the China 285k recall that only 27.7k had delivered through 6/27/21. See more discussion in my report earlier this week Tesla Q2 "Complications" for my estimates for China and consolidated Q2 deliveries, due out this week.
Contact Us:
Disclaimer
This publication is prepared by Bond Angle LLC and is distributed solely to authorized recipients and clients of Bond Angle for their general use. In addition:
I/We have no position(s) in any of the securities referenced in this publication.
Views expressed in this publication accurately reflects my/our personal opinion(s) about the referenced securities and issuers and/or other subject matter as appropriate.
This publication does not contain and is not based on any non-public, material information.
To the best of my/our knowledge, the views expressed in this publication comply with applicable law in the country from which it is posted.
I/We have not been commissioned to write this publication or hold any specific opinion on the securities referenced therein.
Bond Angle does not do business with companies covered in its
publications, and nothing in this publication should be construed as a solicitation to buy or sell any security or product.Bond Angle accepts no liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this publication and/or further communication in relation to this document.