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Tesla Inc. Annual Meeting of Shareholders Next Week Showcases 'Boost' for Silicon Valley Electric Car Builder, Concerned by Demand for Vehicles and Health of Silicon Valley balance sheet.
The Tesla meeting is scheduled for Tuesday at 14:30. Peaceful. It will be a webcast.
After sinking several years in recent sessions, Tesla
TSLA, -0.76%
The stocks recovered some of their losses this week, appearing to be about to end the five-day period with a gain of more than 11%. The stock is up for four consecutive sessions, gaining more than 15% during this period and standing above $ 200 for the last two sessions.
The formal agenda of the shareholders' meeting is probably "without history", analysts Wedbush said Friday. Musk's comments on the state of affairs will probably be the most notable part, analysts said, led by Dan Ives.
Related: Tesla is still the king of electric car sales
"We continue to believe that Musk and Tesla are facing a" crossroads "scenario, with demand for Model 3 expected to rebound significantly in the coming quarters so that the company can achieve sustained profitability, which remains unchanged. a hot topic of the street, "Especially after the missing delivery of the first quarter and the recent capital increase," analysts said.
For the second quarter, Tesla needs a "very strong June" to meet Wall Street's expectations for its quarterly delivery, Wedbush analysts said.
Analysts surveyed by FactSet expect deliveries in the second quarter, indirectly representing Tesla sales, of 92,000 vehicles, including 74,000 model 3 sedans. This remains a "hard-to-reach threshold," but achievable in December. according to European deliveries, analysts said.
Read more: Here are the car stocks to watch while Trump threatens Mexico with customs duties
The main question remains that of the company for deliveries of 360,000 to 400,000 vehicles for the year, what analysts have described as a "difficult battle", unless the Model 3 is experiencing a sharp rise in second semester.
Hitting this course of action "is going to be a herculean task, because in the best of scenarios, we see 360k-370k at this point and in a base scenario 340k-355k the likely path," Wedbush analysts said.
See also: The last email sent by Elon Musk: Tesla must catch up on deliveries
"After six brutal months for Tesla and its shareholders, we expect Tuesday to be a positive event, while Musk and his team will present the progress made so far in production and new models," they said. .
The Tesla stock has lost 38% this year, against 15% for the S & P 500 index
SPX, + 1.25%
and 12% for the Dow Jones Industrial Average.
DJIA, + 1.21%
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