Tesla, Inc. (NASDAQ:TSLA) shares have been on a rebound since the start of the week, but the near term could be rocky, according to comments from Future Fund Managing Partner Gary Black.
Q3 Deliveries To Come In Light? There is a noticeable disconnect between the earnings per share estimates for Tesla that have continued to fall and the overwhelming bullishness about the full-self driving software and manufacturing advantages, said Black in a post on X, formerly Twitter.
The fund manager said that the negative rerating of EPS estimates is a short-term issue, with traders factoring in a drop in third-quarter volume estimates and further erosion in auto gross margin, excluding regulatory credit. He expects third-quarter deliveries to come in at 445,000 units compared to the consensus estimate of 462,000 units, …
