Tesla is expected to report a 5% rise in vehicle deliveries for the second quarter, driven by higher demand in Europe.
The gain is likely to stem from a sharp jump in fuel prices, which has pushed consumers to choose battery-powered cars.
Wall Street expects Tesla’s EV deliveries in the June quarter to rise to 402,780 vehicles, according to 20 analysts polled by Visible Alpha.
This represents a 4.9% rise year-over-year and a 12.5% jump compared with three months ago.
Deutsche Bank expects the largest regional growth to come from Europe at nearly 40%, followed by China at 3% and a slump of 21% from the prior year in North America.
Tesla does not detail regional deliveries, but the rollout of its Full Self-Driving advanced driver assistance system could boost demand in Europe.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
