- Goldman Sachs raised its Tesla Q2 delivery estimate to 420,000 vehicles, above the 400,000 consensus.
- Europe led the rebound with strong growth, while China and Asia also showed gains; the U.S. remained a weak spot with year-over-year declines.
- The upgraded forecast suggests Tesla could outperform quarterly expectations, though regional divergences persist.
A Brighter Outlook for Tesla
Goldman Sachs has boosted its Tesla second-quarter delivery forecast to 420,000 vehicles, citing stronger-than-expected sales data across key markets. The revised figure surpasses the consensus estimate of around 400,000, signaling a potential earnings beat when Tesla reports later this month.
Europe has emerged as the primary driver, with a major rebound in registrations. China and other Asian markets also contributed to the upward revision. However, the U.S. market remained a laggard, with deliveries slipping year-over-year amid broader demand headwinds.
“Europe’s recovery has been stronger than anticipated, helping offset softness in the U.S.,” said a person familiar with the matter. Tesla has not yet commented on the report, and efforts to reach the company for comment were unsuccessful.
The upgrade comes as Tesla navigates a mixed demand environment, with aggressive price cuts and incentives boosting volumes in some regions but pressuring margins. Analysts will closely watch the upcoming delivery numbers for signs of sustainable growth.
Correction: An earlier version of this article misstated the consensus estimate. It is approximately 400,000 vehicles.