Tesla (TSLA) Q3 delivery expectations are all over the place

Tesla (TSLA) is expected to release Q3 delivery numbers next week, and expectations are all over the place amid the possibility of a rare quarter without growth.

Over the past few years, Tesla has created high expectations for deliveries every quarter by managing to break quarterly records almost every time.

During a previous earnings call, CEO Elon Musk warned that the third quarter of 2023 could be different. He said there is a possibility of a decline in production due to factories being closed for upgrades.

When production is down, deliveries are often down too.

Last quarter, Tesla produced 479,700 vehicles and delivered 466,140 of them.

With delivery results now expected next week, many analysts are keeping their expectations up, and it’s across the board.

Here are some estimates from Wall Street analysts and independent researchers:

  • Baird: 493,200 deliveries
  • Deutsche Bank: 440,000 deliveries
  • RBC Capital Markets: 462,000 deliveries
  • Troy Tessalike: 442,000 deliveries

The overall Wall Street consensus sits at an optimistic 462,000 deliveries, down slightly from the previous quarter.

Electrek’s Tech

I think Wall Street is preparing to stymie Tesla’s delivery announcement. Tesla’s most productive factory, Giga Shanghai, closed down.

Same for Gigafactory Texas, which looked like it had very little production during the quarter. It’s never been a major contributor to Tesla’s deliveries, but it will still have an impact.

I think something closer to reducing 20,000 deliveries, maybe even 30,000 deliveries, would make more sense.

What do you think? Let us know in the comments section below.

FTC: We use auto affiliate links that generate income. More.

Leave a Comment

“The Untold Story: Yung Miami’s Response to Jimmy Butler’s Advances During an NBA Playoff Game” “Unveiling the Secrets: 15 Astonishing Facts About the PGA Championship”