Tesla Q3 Deliveries: What Lies Ahead for TSLA Stocks?

Wednesday, 18 September 2024, 16:16

Investing in Tesla is at the forefront as Q3 2024 delivery projections indicate impressive numbers for TSLA stocks. Analysts predict a significant year-over-year increase, with deliveries estimated at 460,000 vehicles. As market dynamics shift, Tesla's profitability and innovative product lines will be crucial for TSLA's future performance.
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Tesla Q3 Deliveries: What Lies Ahead for TSLA Stocks?

Q3 Delivery Projections for Tesla

The electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is gearing up for a potentially strong quarter with projections of 460,000 vehicle deliveries, closely aligning with market expectations of 461,000—marking a notable 6% year-over-year increase and a 4% rise from Q2 estimates, according to Wolfe Research.

Profitability Concerns Ahead

Despite the optimistic delivery forecasts, profitability remains a significant concern for Tesla as the company continues to face challenges stemming from Q2. Reports highlight that Tesla's gross margins fell to 14.6% due to extensive price cuts and incentives, particularly affecting the Model Y.

Impact of Robotaxi on TSLA Stocks

Analysts posit that TSLA could experience positive momentum leading to the highly anticipated Robotaxi event on October 10, which is seen as a potential catalyst for stock growth.

Future Models and Pricing Pressures

Furthermore, the launch of low-cost models in 2025 could ease pricing pressures, ultimately enhancing profitability.

  • Overall market reaction aligns with a continued focus on Tesla's delivery numbers.
  • Analysts remain cautiously optimistic, projecting EPS improvement to the low 60 cents range.
  • Stock movements will be closely tied to new product launches.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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