Tesla (TSLA) is expected to release its quarterly vehicle production and deliveries on April 2. The highly anticipated report will be the first comprehensive look at how consumers reacted to multiple price cuts from Tesla dating back to January. 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'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's stock price. Tesla missed estimates in each of the last two quarters, with shares falling double digits in both instances. 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%. In the video above, Narayan joins Yahoo Finances’ Seana Smith to discuss expectations for Tesla’s deliveries. 00:00:05 - Tesla delivery expectations 00:00:50- Expectations for Tesla pricing
If you're seeking a way to profit from the soaring adoption of electric vehicles (EVs) around the world, look no further than Tesla (NASDAQ: TSLA). Tesla, however, is enjoying torrid sales and profit growth as it dominates the industry it helped create. Tesla is rapidly scaling its manufacturing operations.
Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin. The lawyers said the investors never explained how Musk intended to defraud anyone or what risks he concealed, and that his statements such as "Dogecoin Rulz" and "no highs, no lows, only Doge" were too vague to support a fraud claim.