Key Points
Tesla (NASDAQ: TSLA) is set to release third-quarter delivery figures later this week, with estimates ranging from 421,758 to 482,000 deliveries. This follows a significant miss last quarter, where the company fell short of expectations by approximately 60,000 units. Notably, Goldman Sachs and JPMorgan Chase have recently downgraded their forecasts ahead of the announcement.
Key factors influencing expectations include a decline in auto sales year over year for 2024 and 2025, along with the impact of expired EV tax credits. Tesla’s Model Y and Model 3 sales account for over 90% of its deliveries, making these figures critical for investor sentiment. Additionally, while Tesla Semi sales are currently minimal, growth in orders suggests potential for future optimism.
The company also began production of its Cybercab robotaxi this year but has yet to initiate external customer deliveries. While a significant delivery ramp-up is not anticipated in this quarter, developments in this area will be closely monitored.
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