Summary
- Barclays expects Tesla’s Q3 deliveries to increase by 8% year-over-year
- Q1 saw Tesla deliver 386,810 units and Q2 had approximately 443,956 deliveries
- Tesla beating the consensus estimate could boost TSLA stock
- Tesla China reported high domestic sales records in August and September
- Weekly Tesla China registrations suggested strong sales performance in September
Article
Barclays forecasts an 8% year-over-year increase in Tesla’s third-quarter deliveries, predicting the company will deliver 470,000 electric vehicles. This estimate is higher than the consensus estimate of 461,000. In the first quarter, Tesla delivered 386,810 units and followed up with around 443,956 vehicles in the second quarter.
The firm believes that Tesla beating the consensus estimate could boost TSLA stock and alleviate concerns about the company’s fundamentals. Tesla’s sales in China are expected to be a significant contributor to the third-quarter deliveries. Tesla China has been reporting record domestic sales, with 86,697 vehicles sold domestically in August, the highest sales in 2024. September is also shaping up to be a strong month for Tesla China, with registrations indicating high sales volumes.
Weekly data from Tesla China registrations has shown fluctuations, with sales figures ranging from 16,200 units in one week to 15,600 units in another. While registrations offer insights into weekly sales, the company does not provide specific figures. Overall, Tesla’s performance in China is expected to have a positive impact on the company’s third-quarter deliveries and sales figures.
For more information or tips related to Tesla, readers can contact the author at maria@teslarati.com or through X @Writer_0100110. This information provides insights into Barclays’ expectations for Tesla’s third-quarter deliveries, highlighting the significance of Tesla’s performance in China and the potential impact on TSLA stock. Investors and analysts may use this information to assess Tesla’s growth and future prospects in the EV market.
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