Tesla Q4 Vehicle Delivery Caution

21 days ago

John Tucker

"Tesla, let's go there. They have published a compilation of analyst estimates for vehicle deliveries to its website. By Tesla's count, analysts on average expect the company to deliver over 422,000 cars in the fourth quarter, which is down about 15% from the year earlier. It compares with the Bloomberg compiled average of 445,000 vehicles, and the average estimate for 1.6 million deliveries this year is down more than 8% from the year earlier period. Tesla even saw its shares plunge earlier in the year during production line retooling for the redesigned Model Y."

Tesla's delivery estimates for Q4 show a notable decline compared to previous periods, with expectations around 422,000 vehicles and a year-over-year drop of 15%. This comes amid production line adjustments and retooling for the redesigned Model Y, suggesting near-term headwinds for the company.

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