Analyst With $0 Price Target On Tesla Says Growth Story "Clearly Over" After August Delivery Estimates | WHAT REALLY HAPPENED

Analyst With $0 Price Target On Tesla Says Growth Story "Clearly Over" After August Delivery Estimates

While Elon Musk has been busy nervously trying to write off Porsche's Taycan and apparently falsely claiming that he has time booked for the Model S at the Nurburgring next week, newly released estimated delivery numbers for August have the company's skeptics smelling blood.

For instance, Ed McCabe of TLF Capital, who has a $0 price target on Tesla, according to Business Insider.

For him, the newly release estimates of Tesla's August delivery numbers, published by InsideEVs last week, show that "organic demand is extremely weak".

The blog posted estimates of 1,050 for the Model S and 1,825 for the Model X - both meaningfully lower than August 2018. For the Model 3, the automaker is estimated to have delivered 13,150 vehicles, down from the 13,450 in August 2018.

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