Investor Gary Black, managing director of Future Fund LLC, predicts that Tesla Inc.‘s Q2 deliveries may miss estimates due to the company’s Robotaxi plans in Austin.
Background
Black stated that tomorrow’s Q2 deliveries could be a “buy the news” event, given low expectations. However, he believes Tesla will miss expectations, estimating 370,000 deliveries with a -17% year-over-year (YoY) decline, compared to Wall Street estimates of 385,000 deliveries and a -13% YoY decline.
Concerns Over Robotaxi Launch
Black also expressed concerns over the Robotaxi launch in Austin, noting that it had a “safety driver in the passenger seat and there were a few disengagements.” He questioned whether people would focus on the delivery numbers, given the attention on Tesla’s Robotaxi plans.
Departure of Elon Musk’s Aide
The departure of Elon Musk‘s close aide, Omead Afshar, from Tesla, has “confirmed” the poor delivery figures in Q2, according to Black.
Why It Matters
The news comes as Tesla has been battling a sales slump, with record market lows in several regions. Sales declined more than 60% in Sweden and Denmark, according to sales data. Elon Musk has also been at odds with U.S. President Donald Trump over subsidy cuts and the President’s anti-EV stance.
Previous Warnings
Black had previously warned that Q2 deliveries for Tesla would disappoint and that planned cheaper models could cannibalize sales. Tesla scores well on Momentum, Quality, and Growth metrics but offers poor Value.
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- Tesla’s European woes worsen with sales down over 60% in Sweden and Denmark.
- Elon Musk enabled the President as Trump slams TSLA CEO over subsidies, calls out Tesla’s board silence on “absurd attack”.
Photo Courtesy
Photo courtesy: Ken Wolter / Shutterstock.com
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