Tesla price cuts 'definitely working': Analyst▼

Business

Published 66d ago

The highly anticipated report will be the first comprehensive look at how consumers reacted to multiple price cuts from Tesla dating back to January.</p><p>RBC Capital Markets Lead Equity Analyst Tom Narayan is bullish on the upcoming print, expecting Tesla to deliver 445,000 units, which would reflect growth of more than 40% from the same period last year. Narayan&#39;s estimate sits well above the 421,000 vehicle estimate from Bloomberg. Traditionally, a major beat or miss against the Wall Street analyst estimates compiled by Bloomberg has lead to large movements in Tesla&#39;s stock price. Tesla missed estimates in each of the last two quarters, with shares falling double digits in both instances.</p><p>Tesla’s stock enters the report after its best start to the year ever. Shares of the electric vehicle maker closed the first quarter up nearly 70%.</p><p>In the video above, Narayan joins Yahoo Finances’ Seana Smith to discuss expectations for Tesla’s deliveries.</p><p>00:00:05 - Tesla delivery expectations</p><p>00:00:50- Expectations for Tesla pricing</p> Source