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Benzinga
Benzinga
Business
Vishaal Sanjay

Gary Black Warns Tesla Q2 Deliveries Will 'Disappoint' — Says Cheaper Models Could Cannibalize Sales And See Ideal Re-Entry 22% Below Current Levels

Gary Black Elon Musk Tesla Inc. the Future Fund Dan Ives Ford
Indianapolis,-,May,19,,2024:,Tesla,Ev,Electric,Vehicles,On

Investor Gary Black, the founder of The Future Fund, has issued a cautious outlook on Tesla Inc.’s (NASDAQ:TSLA) upcoming second-quarter deliveries, saying that the EV giant is likely to miss estimates.

What Happened: On Saturday, in a post on X, Black projected that the company would deliver around 370,000 vehicles in Q2, marking a 17% year-over-year decline, while falling short of consensus estimates by Wall Street analysts at 385,000, or 13% before estimates.

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