Tesla’s Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing.13.2

By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Tesla’s 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla delivered 11,300 vehicles in May, which was 2.6 times the combined total of all competitors’ offering. That’s all well and good, and probably why Tesla stock experienced a little bounce this week. Morgan Stanley has also pegged Tesla to deliver between 360,000 and 400,000 vehicles this year, up 45 percent to 65 percent over last year. Yet the numbers

The post Tesla’s Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing. appeared first on CCN

Original source
https://www.ccn.com/teslas-73-sales-spike-isnt-fooling-anyone

Add comment

Please Sign in to be able to leave comments.