Tesla Q4 Delivery Outlook and European Demand Concerns

18 days ago

"Now, analysts are expecting Tesla to report later today that its global vehicle deliveries fell around 11% in the fourth quarter. That's actually worse than the composite from Bloomberg analysts. Tesla took the unusual step earlier this week of publishing that analysts estimate that was pessimistic again calling for a 15% drop. Demand for Tesla slumping across most of Europe throughout last year, in part because of the blowback over the CEO, Elon Musk, and, you know, the things that he had to say about Europe and supporting some right wing politicians there in countries including in Germany and the U.K."

Tesla is expected to report a significant decline in Q4 deliveries with an anticipated 11% decrease, which underperforms Bloomberg's expectations. The commentary highlights deteriorating European demand and concerns over the negative political fallout from CEO Elon Musk's remarks, adding uncertainty to the near-term outlook.

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