telsa tsla: Under its new finance head, Telsa TSLA, -0.34% seemed to be moving away from the aggressive forecasts that have caught it out in the past in the shareholder letter released late Wednesday, according to Market Watch. The letter, which was far shorter than usual, said the company was simplifying its approach to guidance, as Market Watch's Jeremy Owens reported. While demand showed an impressive bounce back this quarter and the company is seeing strong order activity for the third quarter, we continue to believe that the reiteration of 360,000 to 400,000 unit guidance for full-year 2019 was a head scratcher since the pure math and demand trajectory makes this an Everest-like uphill battle, is how Wedbush analyst Daniel Ives summed it up on Thursday. But on the later conference call with analysts Musk immediately reiterated the specific unit guidance and said the company expects to be breakeven this quarter and profitable in the next one. As a result, we do not believe the next two quarters revenue will grow either from second-quarter levels or on a year-on-year basis. See also Tesla stock tanks after company's larger quarterly loss, sales miss We do not believe this is likely and model third-quarter deliveries -10% q/q, with the fourth-quarter back near second-quarter levels total 2019 339k said RBC analyst Joseph Spak.
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