Tesla missed Model 3 deliveries by 5K vehicles for Q1 2019
Tesla missed Model 3 deliveries by 5K vehicles or approximately 10% of analyst forecast of 55K vehicles for Q1 2019. With ASP of 50K for the long/mid range Model 3, this equates to about 250M in missed revenues for Q1 not including increases in shipping costs, etc. Stock appears to have reached a resistance at 292 and may reverse to the downside as an outcome of the missed deliveries.
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