Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass.
Robert Hanashiro | USA TODAY | Reuters
Tesla will deliver fewer vehicles than the low end of its guidance for the year and its stock may suffer, according to Cowen.
The automaker is poised to deliver between 95,000 and 101,000 vehicles for its fourth quarter, Cowen said in a note to clients on Monday. This would put deliveries for the year at roughly 356,000, below the 360,000 to 400,000 range the company has given as a guidance.
The new analyst projection comes as the first Tesla Model 3s built in Shanghai are being delivered. China is seen as a large growth opportunity for Tesla, and the U.S.-based electric car company is delivering cars from the new factory less than a year after breaking ground to build it.
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December 30, 2019 at 08:00PM
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Tesla to miss delivery forecast and stock to get cut in half, Cowen says - CNBC
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