) second-quarter deliveries preview note, UBS analysts predict the electric vehicle giant will fall short of market expectations for Q2 deliveries.
Looking at specific regions, UBS expects deliveries in the US to be slightly below Q1's pace. However, they believe May's 0.99% financing offer for Model Y might have pulled some sales forward from June. An improvement in Model 3 deliveries is also expected due to resolved production challenges. While the upcoming"Tesla AI Day" on August 8th might generate excitement around AI initiatives, UBS believes their financial impact is further out. The focus for the near-to-mid term will be on the new vehicle reveal, which could influence 2025 and 2026 estimates.
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