Goldman reiterates sell on Tesla and expects Model 3 deliveries to miss estimates

Goldman reiterates sell on Tesla and expects Model 3 deliveries to miss estimates

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/26/goldman-expects-tesla-model-3-deliveries-to-miss-estimates.html

Goldman Sachs is reiterating its sell rating on Tesla and expects the electric car maker's widely watched Model 3 delivery number to fall short of Wall Street expectations.

Tesla is expected to release its second-quarter production and delivery numbers in the first few days of July. Goldman analyst David Tamberrino expects the company to report it delivered 22,000 units of its Model 3 mid-size electric sedan, which is up from his previous estimate of 19,000 cars, but still several thousand units below an analyst consensus of 28,000. He bases this estimate on data from InsideEVs.com, GreenCarReports.com, and registration bureaus in various European countries.

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