China Sales May Have Given Tesla a Shock in 2Q — Panjiva
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China Sales May Have Given Tesla a Shock in 2Q

China 3006 Cons. Discr. - Autos 1209 Earnings 744

Electric-vehicle manufacturer Tesla is scheduled to report 2Q revenues, with analysts’ forecasts calling for a 98% jump on a year earlier. The $2.5 billion forecast will be 7% lower than the prior quarter, possibly as the firm focuses on the Model 3 launch. Panjiva data shows Chinese sales may outstrip that. Imports by Tesla Sales Beijing reached $403 million the three months to May 31, 3.4x the prior year level and 1.7x the first quarter.

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