Tesla (TSLA, Financial) is set to release its quarterly delivery data, with analysts forecasting a consecutive double-digit year-over-year decline. According to Visible Alpha, Tesla's second-quarter deliveries are expected to be just under 400,000, a 10% decrease from over 440,000 last year. However, production is anticipated to increase to approximately 434,200 from 410,831 vehicles.
Demand in key markets like the U.S. and Europe has been affected due to CEO Elon Musk's political ties, impacting Tesla's performance. The first-quarter deliveries fell short of expectations, and recently, Omead Afshar, head of North American and European sales and manufacturing, has left the company, adding to executive turnover.
Some analysts believe the second quarter might be the delivery trough for Tesla, with potential recovery in the latter half of the year. Deepwater Asset Management suggests improved brand recognition could help rebound deliveries. RBC Capital Markets predicts deliveries of around 366,000, below consensus, suggesting some consumers may delay purchases waiting for a promised affordable model. Meanwhile, Baird analysts highlight that recent excitement over Tesla's robotaxi could overshadow delivery numbers, though the affordable model might face launch delays.
