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Tesla shares caught up with some losses on Thursday and were up more than 3% in pre-market trading on Friday, after an email sent by Elon Musk reportedly sent confidential information to Tesla employees, suggesting that the Electric vehicle manufacturer (EV) had a good chance of making money. Q2 the highest level of deliveries and sales in its history.
On Thursday, an e – mail purported to have been sent to all Tesla employees by Musk on May 22 appeared on bulletin boards and gave Tesla 's stock some life that had been beaten for several consecutive days after it was over. an increasing number of investment banks and analysts have described case scenarios for the EV manufacturer. The trend is up, with analysts doubting the demand for Tesla's Model 3 and the increased risk of Tesla's underperformance in the Chinese market after the collapse of US-China trade negotiations.
The "leaked" email from Musk was timely.
The email reads:
"Yesterday, we recorded more than 50,000 net new orders for this quarter. Based on current trends, we have a good chance of surpassing the record 90,700 deliveries in the fourth quarter of last year and making it the highest shipments / sales quarter in Tesla's history! "
Musk also says Tesla needs to continuously produce 1,000 models 3 every day to break the previous record, while its production rate has averaged 900 models this week, 10% from 7,000 / week. "
Related: The silence before the storm on the oil markets
Over the past few days, several analysts have expressed doubts about Tesla's ability to generate commercial and financial performance and not waste all its money. Wedbush Securities warned that Tesla would face a "difficult climb, similar to that of Kilimanjaro" and a "Herculean task" to achieve its goals.
Morgan Stanley lowered its "worst case" target to $ 97 to $ 10 only, instead of $ 97 in the event that the China-China trade war breaks out over the electric vehicle manufacturer. would significantly reduce the demand for its cars in the Chinese market. Citigroup also has a shocking "full of bears" scenario for Tesla, which sees a 40% chance that its stock will drop to $ 36, up from 35% previously.
Tesla shares reached Monday the lowest level since December 2016 at 205 USD and closed at 195.49 USD on Thursday.
By Tsvetana Paraskova for Oilprice.com
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