How Tesla Stock Can Weather a ‘Material Miss’ on Third-Quarter Deliveries

Forecasts for deliveries in the third quarter are due in a few days. Expectations have been falling, but the number still might miss the Wall Street consensus.

Tesla is due to report its third-quarter deliveries in a couple of days, and while Wall Street estimates of the number are coming down, they might not falling fast or far enough. Investors need to be ready for a low number.

But New Street Research analyst Pierre Feragu expects 438,000 units, about 5% below the current consensus call. “Factory shutdowns to drive material miss,” he wrote in a Friday research report. A big shortfall wouldn’t necessarily be a disaster for the stock. “We believe the miss is well anticipated by both the buy side and retail influencers,” Feragu wrote.

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