Tesla expected to rise after announcing 466,000 deliveries over three months


(AOF) – Tesla is expected to rise sharply in the pre-market on Wall Street after announcing Sunday a record number of vehicle deliveries in the second quarter, higher than analysts’ forecasts. The Elon Musk-led automaker delivered more than 466,000 cars in the three months to June 30, while analysts polled by Refinitiv expected an average of 445,000 deliveries, with their estimate ranging from 439,875 to 450,000 units. A year earlier over the same period, the group had delivered 254,695 vehicles.

AOF – LEARN MORE

A paradoxical performance

Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .



Source link -86