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TESLA, INC.

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Tesla Shares Drop After Quarterly Deliveries Fall

07/05/2022 | 08:39am EDT

By Dean Seal


Shares of Tesla Inc. fell 4.9% to $648.50 in early trading Tuesday after the company reported a quarter-over-quarter drop in vehicle deliveries for the first time in two years.

The electric-vehicle maker said Saturday that it delivered 254,695 vehicles to customers in the three months ended in June, down from 310,048 in the prior quarter.

Analysts surveyed by FactSet had expected Tesla to deliver around 264,000 vehicles during the quarter, having lowered their expectations after the company had to temporarily shut down operations in Shanghai, its largest factory, because of Covid-19 lockdowns.

The company also is having trouble launching two new factories in Germany and Texas, which Tesla Chief Executive Elon Musk has referred to as "gigantic money furnaces."


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

07-05-22 1039ET

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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2022 84 861 M - -
Net income 2022 12 525 M - -
Net cash 2022 19 851 M - -
P/E ratio 2022 81,5x
Yield 2022 -
Capitalization 898 B 898 B -
EV / Sales 2022 10,3x
EV / Sales 2023 7,30x
Nbr of Employees 99 290
Free-Float 82,8%
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Technical analysis trends TESLA, INC.
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Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 859,89 $
Average target price 912,28 $
Spread / Average Target 6,09%
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Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin & Chief Financial Officer
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
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