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Tesla's Delivery Miss Was 'Meaningless,' FBN's Seyrafi Says

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While some analysts are viewing the recent first-quarter miss on deliveries figures for Tesla Motors Inc TSLA 0.05% as indicative of future downside for the company, FBN analyst Shebly Seyrafi countered that argument, saying the miss was "meaningless."

"Last night, TSLA announced that it delivered 14,820 vehicles in FQ1, a miss of ~1,180 vs. the ~16k consensus, due to severe Model X supply shortages in January and February that lasted longer than expected," Seyrafi began.

Seyrafi placed the miss in a...