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Tesla Shares Rebound On Delicious Musk Email




Tesla's share complained of some losses in Thursday and was up more than 3 percent in pre-trading on Friday, after a leaked email that, according to Elon Musk had sent to Tesla employees, suggested the electric car (EV) – The machine has a good chance of making Q2 the highest deliveries and sales quarter in its history.

On Thursday, an email that was supposed to be sent to all Tesla employees by Musk on May 22, was shown on message boards and breathed the life of Tesla's shares that had been battered for several consecutive days after an increasing number of investment banks and analysts outlined "carrying case" scenarios for the EV manufacturer. Bjørnleiren is growing, with analysts expressing doubts about the demand for Tesla model 3 and increased risks of Tesla underperforming the Chinese market following the collapse of trade negotiations in the US and China.

Musk & # 39; s leaked & # 39; Email just got in time for the stock.

Email reads:

"Yesterday we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record 90 700 deliveries in Q4 last year, and make this the highest deliveries / sales quarter in the Tesla story! "

But the e-mail that is supposed to be sent by Musk also says that Tesla needs sustained production of 1[ads1],000 model 3s every day to beat the previous record while The production rate averages 900 Model 3s this week, "so we're only around 10% from 7,000 / week."

Related: Silence Before The Storm In Oil Markets

Over the past few days, a number of analysts have expressed doubts about Tesla's ability to deliver on sales and financial performance and not burn all the money it has. Wedbush Securities warns that Tesla is facing a "Kilimanjaro-like uphill climb" and a "Herculean mission" to reach its goals.

Morgan Stanley slashed his worst case – & # 39; US $ 97 Tesla stock price target of US $ only in case the US-China trade war hits the EV manufacturer and significantly dampens the demand for their cars in the Chinese market. Citigroup also has a shocking "full bear" scenario for Tesla, and sees a 40 percent chance that Tesla's stock falls to $ 36, up from a 35 percent chance earlier.

Tesla shares struck Monday the lowest since December 2016 in the US $ 205, and closed at $ 195.49 on Thursday.

By Tsvetana Paraskova for Oilprice.com

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