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Tesla shares recover on leaked musk email

Tesla's stock made some losses on Thursday, rising more than 3 percent on Friday before trading, after a leaked e-mail reportedly sent by Elon Musk to Tesla employees, the maker of Electric Vehicles (EV) suggested that he has a good vehicle chance to make Q2 the highest delivery and sales quarter in its history.

On Thursday, an email that was sent by Musk to all Tesla employees on May 22 appeared on the news and breathed life into Tesla's shares as more and more investment banks and analysts described scenarios for the EV maker , they were affected several days in a row. Bear stock is growing and analysts question the demand for Tesla's Model 3 and the risk of Tesla underperforming the Chinese market following the collapse of US-China trade talks.

Musk & # 39; leaked email came just right time for the stock.

The email states:

"Until yesterday, we had over 50,000 net new orders for the quarter. Following current trends, we have a good chance of surpassing the record of 90,700 deliveries in the fourth quarter of last year, making it the highest delivery / sales quarter in Tesla history!

However, this is also stated in the email sent by Musk. Tesla needs a continuous production of 1

,000 Model 3 per day to surpass the previous record, while the average production rate this week was 900 Model 3. "So we're only about 10% away from 7,000 / week."

Related: The Silence Before the Storm on the Oil Markets

In recent days, a number of analysts have voiced doubts about Tesla's ability to generate sales and financial Achieving performance and not burning All the money it has. Wedbush Securities warned that Tesla was facing a "Kilimanjaro-like rise" and a "Herculean task" in achieving its goals.

Morgan Stanley slashed his $ 97 "worst-case" target for Tesla shares to just $ 10 The US-Chinese trade war hits the EV manufacturer and dampens demand for its cars in the Chinese market considerably. Citigroup also has a shocking scenario for Tesla: The likelihood of Tesla's stock falling 40 percent from 35 percent to $ 36 on Monday is the lowest since December 2016 in the US $ 205 and Thursday around 195.49 US dollars closed.

By Tsvetana Paraskova for Oilprice.com

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