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Wall Street analysts say Tesla's first-quarter deliveries were 'substantially worse' than expected

Wall Street analysts say Tesla's first-quarter deliveries were 'substantially worse' than expected

5 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/04/tesla-plunges-nearly-8percent-after-analysts-say-deliveries-were-substantially-worse-than-expected.html

Wall Street analysts were very disappointed in Tesla's first-quarter delivery and production figures.

Shares of the company plunged 8 percent in pre-market trading after Tesla said late Wednesday evening that it delivered 50,900 Model 3 cars in the first quarter, below the 52,450 analysts expected, according to the consensus estimate from FactSet. Overall deliveries also fell short of consensus estimates.