Deutsche Bank analysts provided a review on Tesla, Inc. (NASDAQ:TSLA) ahead of the Q1/23 deliveries and earnings announcements this weekend.
The analysts cut their Q1 deliveries estimate to 416,000 units (up 34% year-over-year), reflecting still the uncertain macro environment after the price cuts, as well as competitive pricing responses in China.
The analysts estimate Tesla delivered about 135,000 units of Model 3+Y in China, with the rest to come from North America (168,000), Europe (73,000), and the Rest of the World (25,000).
All in, the analysts’ Q1 revenue is lowered to $22.5 billion on trimmed volume, down from $23.3 billion. The Street estimate stands at $23.50 billion. The analysts lowered their EPS estimate to $0.69 from $0.84, below the Street estimate of $0.87.