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Alba Iulia
Thursday, June 4, 2020

Deutsche Bank expects Tesla profit in the first quarter> teslamag.de

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In the assessment of the figures reported by Tesla on Thursday on the Deliveries in the first quarter of 2020 Stock market experts seem to agree on two things: First, 88,400 more Tesla electric cars were delivered than previously expected in view of the corona virus crisis. And secondly, one can further assume that the restrictions caused by the virus pandemic Don’t put Tesla in existential danger. However, analysts were less in agreement after the numbers about the question of how to proceed.

$ 5.9 billion in Tesla sales expected

An analyst from Deutsche Bank leaves according to MarketWatch now assumes that Tesla made another profit in the first quarter; The company will probably report 5 cents per share. The deliveries were “solid above” his expectations. The analyst therefore raised his sales forecast by $ 1 billion to $ 5.9 billion, which would be around 30 percent more than in the same quarter of 2019 and just under 8 percent less than in the previous record quarter 4/2019.

Showed himself more cautious according to the Benzinga portal CFRA, the financial firm, wrote that Tesla’s Q1 delivery numbers would help dispel investor fears of the corona impact. But the number of cases in Silicon Valley is still increasing, which could affect Tesla’s profits. Bank of America also referred to the cost of the production interruption (meanwhile in all three US factories), but also that Tesla has more than enough liquidity reserves for the time being.

“Moral victory for Tesla

Wedbush Securities described the first quarter as a moral victory for Tesla, but wrote of a global slump in demand from Corona since mid-March. The big question is how this will develop in the current quarter and the rest of the year. In China is already a sign of an increase in production how to observe demand, yet it is not clear how consumers will behave in the coming months. Wedbush regards the longer-term trends at Tesla as “very healthy”.

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