Tesla (TSLA) has made a habit of beating Street expectations in recent quarters, but with the EV leader set to announce 2Q22 deliveries and production figures this weekend, Deutsche Bank’s Emmanuel Rosner thinks a surprise to the downside is on the way. Reflecting the extended Covid-19-related shutdowns and logistical challenges in the Shanghai plant, Rosner now expects Tesla to deliver 245,000 units, compared to 310,000 beforehand. This amounts to a 22% year-over-year uptick but a 21% sequential drop and also below Wall Street’s forecast of 287,000 units.
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