Tesla needs a big month to meet its targets, analyst says

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA) has targeted 7,500 deliveries during Q2, but it will need a big June to get there, Barclays analyst Brian Johnson deduces.

Barclays estimates that North America deliveries in April and May totaled ~2,400 units, and implies total worldwide deliveries ex-China for the first two months of the quarter of ~3,500 units; if China contributes a modest ~1,000 units for the quarter, it implies that North America and Europe combined need ~3,000 deliveries in June to meet Q2 Model S delivery guidance of 7,500 units.

TSLA global sales rallied in the final month of each of the last two quarters, and it appears it will need to do so again.