US Tesla, analysis of “whac-a-mole” state due to a series of problems also suffered sales decline | Reuters

On July 5, Wall Street analysts said the company’s production stagnation and rising inflation faced a decline in second-quarter sales of electric vehicle (EV) giant Tesla for the first time in two years. We analyzed that a series of problems could hit profits directly. March representative photo taken at Tesla factory in Grünheide, Germany (2022 Reuters)

[5日 ロイター] ――Wall Street analysts said on the 5th that the second-quarter sales of Tesla, a major electric vehicle (EV) company, fell for the first time in two years. I analyzed that the problem could hit the profits directly.

Tesla announced on the 2nd that sales in the second quarter were 254,695 units, down 17.9% from the previous quarter. The background is that the production and supply chain (supply network) were affected by the new coronavirus-related regulations in China.

Supply network constraints at new plants in Texas and Germany are also affecting production.

Stock prices have fallen to about two-thirds at the beginning of the year.

Susannah Streeter, an analyst at Hargreaves Landsdown, said, “Tesla has lost its brilliance again as recent vehicle deliveries have fallen below market expectations.” It was said that it was in a “mole-tapping” state where the problem of.

Analysts at JP Morgan have lowered Tesla’s target price by $ 10 to $ 385. The company’s unique performance problems at its new plants in Texas and Germany could hurt production and performance.

Meanwhile, some analysts expect sales to pick up towards the end of the year.