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Tesla Investors Brace for Potential Back-to-Back Sales Decline
- Baird sees carmaker reporting another drop in second quarter
- There’s no denying worsening demand environment, analyst says
Tesla Inc. may be headed for another vehicle sales decline this quarter after surprising investors with a drop in the first three months of the year, according to Robert W. Baird analysts.
The carmaker faces a tough year-ago comparison in the current period, Ben Kallo, who rates Tesla’s stock the equivalent of a buy, said in a note published Tuesday. He estimates the company will deliver 444,510 vehicles in the second quarter, 4.6% fewer than a year ago.