Tesla Deliveries Should Hit Another Record In Q2, So Why The Wave Of TSLA Stock Downgrades?

News Snapshot:

Tesla (TSLA) is expected to report global second-quarter delivery data this weekend, giving investors an idea of how the company's policy of price cuts and discounts have done to woo consumers to the brand. Meanwhile, Tesla stock has been downgraded four times ahead of the release, with analysts expecting vehicle price to continue weighing on gross margins. X Tesla is slated to announce record deliveries for the second quarter, probably on Sunday, July 2. Wall Street predicts Tesla deliveries growing 74% to 445,000, according to FactSet. The big year-over-year increase reflects easy comparisons to Q2 2022, when Tesla's Shanghai plant...