Will Tesla Create A New Delivery Record In Q2 2019?

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Tesla (NASDAQ: TSLA) saw its vehicle deliveries dip by 30% sequentially in Q1’19, but the company is looking to turn things around in Q2, indicating that it wants to beat its previous quarterly record of 90,700 deliveries achieved in Q4’18. Tesla CEO Elon Musk indicated that the company was within reach of a new record with adequate orders, although there are challenges related to logistics. North America will be crucial to this goal, as Electrek reported in early June that N.A. deliveries stood at ~33k, with another 33k planned for June. The company’s scale-up of Model 3 in international markets could also drive its numbers. In this interactive analysis, we take a look at some trends that could drive Tesla’s deliveries for the quarter and how its deliveries impact its revenues and EPS.

View our interactive dashboard analysis on Will Tesla Create A New Delivery Record In Q2 2019?

How Will Tesla’s Model 3, X and S Deliveries Trend In Q2 2019?

  • The availability of lower variants of the Model 3 and a ramp-up in international markets such as China and the E.U. could drive Model 3 deliveries over the quarter.
  • Moreover, as the federal tax incentives on Tesla vehicles is set to drop from $3,750 to $1,875 from July 1, this is also likely to have helped to drive sales in Q2.
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  • Model S & X deliveries declined by about 55% QoQ in Q1.
  • However, we expect sales to improve in Q2 as Tesla upgraded the drivetrain and suspension setup on these vehicles in April.
  • Moreover, the company also slightly lowered the base price on these vehicles.

Automotive Revenues Could Trend Higher Sequentially, But ASPs Could Decline

  • Average selling price for Tesla vehicles could trend to below $60k in Q2, driven by a higher mix of Model 3s vs premium vehicles and the availability of lower-end Model 3 variants.

Estimating Tesla’s Total Revenues

 

We Expect Tesla To Remain In The Red Over Q2

 

 

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