Tesla continued to face delivery headwinds in the second quarter and should miss consensus estimates, believes investment bank JPMorgan. In a fresh investment note, the bank shares that Tesla's second quarter deliveries should be roughly 360,000 vehicles, which is significantly lower than the consensus estimate of 392,000 and JPMorgan's earlier estimate of 395,000. The bank shares that it relied on publicly and privately available data and fine-tuned it with seasonality estimates and Chinese vehicle insurance data. Consequently, JPMorgan reasserts an Underweight rating on Tesla's shares and keeps a $15 share price target for the firm. Tesla Likely To Miss Second […]
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