Tesla

Tesla’s (TSLA) Q3 deliveries are expected to increase by 8% year-over-year, UBS said in a note emailed Tuesday. The company is expected to report Q3 deliveries on Oct. 2, UBS said, adding that it has not yet received the company’s consensus, but based on investor discussions, it estimates the buyside expectation to be around 465,000 to 480,000, placing itself towards the lower end of the range. While the focus is typically on vehicle deliveries, Tesla now also reports energy storage deployments in gigawatt-hours. The Visible Alpha consensus for Q3 is 9 GWh, slightly below the 9.4 GWh recorded in Q2 of 2024, UBS said. “We believe consensus expectations look elevated as we remind investors energy storage deployments are lumpy and 2Q24 was by far a record quarter,” UBS said, adding that it can’t accurately verify storage deployments, especially due to accounting methods, but its estimates are just below 8 GWh.

Tesla’s (TSLA) third-quarter deliveries are expected to come in ahead of initial expectations amid stronger incentives in China that have helped boost sales, Tudor Pickering Holt said in a Monday note. The brokerage now expects deliveries of 475,000 units, above the consensus estimate of 461,000 units. Shares of Tesla advanced 4.9% at market close on Monday. TPH is modeling China deliveries of 178,000 units in the third quarter, jumping from 146,000 units the quarter prior. The growth reflects Tesla’s “zero percent interest offerings” that helped spur demand, according to analyst Matt Portillo. European sales are expected to slightly decline quarter over quarter to 76,000 units due to overall lackluster demand for electric vehicles while Model 3 and Model Y sales in the US and Canada are estimated to be relatively flat, according to TPH. Cybertruck sales are forecast at 18,000 units for the third quarter, which Portillo called “relatively muted.”

Tesla (TSLA) is expected to report a 3.7% decline in deliveries for the June quarter, marking its second consecutive quarterly drop amid tough competition in China and sluggish demand for new affordable models, Reuters reported on Monday. Tesla will deliver 438,019 vehicles from April to June, according to the report, citing an average estimate from 12 analysts polled by LSEG, with Barclays predicting an 11% decline in second-quarter deliveries. Barclays analyst Dan Levy told Reuters “a soft delivery result could turn attention back to the currently challenging fundamental environment for Tesla”. The EV maker, which is expected to announce the results on Tuesday, lost a quarter of its stock value this year, making it one of the worst performers on the S&P 500, Reuters said.

Tesla’s (TSLA) Q2 vehicle deliveries may trail market consensus by 5.5%, partly because of a “tough quarter” in Europe, UBS Securities said Monday in a report. The investment firm lowered its forecast for Q2 to 420,000 units from 471,000 units. The latest projection lags behind the Visible Alpha consensus of 445,000 units and pegs deliveries down 10% from a year earlier and up 9% from Q1. Tesla’s 0.99% financing option on the Model Y likely helped boost US sales in Q2, while industry data in China pointed to a 2% increase in the company’s domestic retail deliveries in April-May from the previous quarter and a 5% jump from a year earlier, UBS said. After the release of Q2 delivery figures, UBS said the focus shifts to earnings and then to the company’s AI robotaxi on Aug. 8. Tesla “may be entering another phase where the stock price disconnects from the

Tesla is slated to report second-quarter deliveries in just over a week. Wall Street estimates look too high, creating a risk for its stock. The electric-vehicle maker typically reports global quarterly delivery numbers on the second day of a new quarter. For the second quarter, Wall Street expects just under 450,000 units, according to FactSet — about 4% lower compared with the 466,000 units delivered in the second quarter of 2023. The 450,000 figure, however, looks too high. Recent estimates have been closer to 415,000 units. On Sunday, a Tesla delivery researcher using the pseudonym Troy Teslike published his updated second-quarter estimate. He’s looking for 416,000 cars. To project results Teslike aggregates registration data in the U.S. and sales data from Europe, among other things. His estimates are widely followed on social-media site X and used by many Wall Street analysts when checking their own delivery estimates. The 416,000 figure

A Tesla robotaxi business might not be quite as good for the electric-vehicle maker as investors expect, an analyst noted. Thursday, RBC analyst Tom Narayan cut his Tesla stock price target to $227 from $293 while keeping his Buy rating. He’s adjusted his robotaxi math. Tesla stock was down 1.5% in early trading at $1821.2, while the S&P 500 and Nasdaq Composite were both up about 0.3% Tesla hosts a robotaxi event on Aug. 8. Investors expect to see what a Tesla robotaxi will look like. They will also expect to hear what progress Tesla is making with its artificial-intelligence-trained self-driving software. Tesla sells advanced-driver-assistance systems today, but Teslas don’t truly drive themselves. CEO Elon Musk believes that creating a truly self-driving car would represent an incredible financial windfall for the company. If it happens, Tesla could operate an Uber Technologies-like fleet of self-driving cars. It could also offer an

Tesla stock is soaring while the Nasdaq Composite naps. Investors looking for a reason should look back to Wednesday. Tesla stock was up 4% in midday trading at $184.28 while the S&P 500 and Nasdaq Composite were both up about 0.1%. There aren’t any upgrades or downgrades to focus on. CEO Elon Musk hasn’t tweeted out anything noteworthy. That means the pay package is still the main reason responsible for Monday’s move. This past week, shareholders re-approved Musk’s 2018 pay package, awarding the CEO some 300 million incentive-laden stock options. They had to vote again because a Delaware judge voided the deal in January, citing inadequate disclosures to investors. Musk tweeted the result on Wednesday evening. Tesla disclosed full details Friday about the vote, which showed about 72% support for approving the award. The original proposal in 2018 passed with 73% support. Wedbush analyst Dan Ives called the pay vote

Tesla (TSLA) has obtained approval to test its advanced driver-assistance system in Shanghai, China, and could also receive authorization to do the test in Hangzhou, Bloomberg News reported Monday, citing an unnamed source familiar with the matter. According to the report, the source said Tesla staff will conduct the system’s initial tests. Bloomberg said the company previously received approval to deploy the advanced driver-assistance system during a visit by Chief Executive Officer Elon Musk to Beijing.

Tesla Inc.’s (NASDAQ:TSLA) recent achievement in passing a significant milestone for its full self-driving (FSD) technology in China sparked discussions among investors and enthusiasts. The news, which caused Tesla’s share price to spike more than 15% on Monday, comes as the electric car maker continues to navigate the competitive Chinese market. Strategic Win For Tesla The breakthrough in China raises expectations that Tesla’s FSD technology will soon be available in the country. China is Tesla’s largest market for electric vehicles. Investors see this move as a strategic win for Tesla. Especially since it comes at a time when it is facing stiff competition from local rivals such as BYD Co Ltd (OTCPK:BYDDF) (OTCPK:BYDDY), Nio Inc – ADR (NYSE:NIO), and Xpeng Inc – ADR (NYSE:XPEV). However, some investors remain cautious about the impact of this development on Tesla’s stock. May Not Be The Catalyst To Drive Further Gains, Says Redditor The Redditor known as Puginator posted on r/stocks, sharing his

The following is a summary of the Tesla, Inc. (TSLA) Q1 2024 Earnings Call Transcript: Financial Performance: Tesla experienced a seasonal decline in auto revenues with auto margins dipping from 18.9% to 18.5%. Negative free cash flow of $2.5 billion in Q1 2024 was seen due to an increased inventory and CapEx for AI compute. The Energy business set a new record with margins reaching 24.6% with forecasts of energy storage deployments growing at least 75% higher from 2023. Business Progress: Despite global pressures on the EV market, Tesla is investing in energy storage deployments and expects record profitability in the coming years. The production of new vehicle models has been expedited with production starting in 2025. Tesla’s AI-driven Full Self Driving (FSD) Version 12 is now on 1.8 million vehicles, with its subscription price reduced to $99 a month. The company’s core AI infrastructure is set to expand from

Tesla (TSLA) reported Q1 non-GAAP earnings late Tuesday of $0.45 per diluted share, down from $0.85 a year earlier. Analysts surveyed by Capital IQ expected $0.50. Revenue for the quarter was $21.3 billion, down from $23.33 billion a year earlier. Analysts surveyed by Capital IQ expected $22.26 billion. Shares were up 5.3% in after-hours tradng.