• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 17, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Tesla’s Q3 Delivery Report: Will the EV Giant Meet or Exceed Expectations?

by Ashmita Maria
September 30, 2023
in Automobiles, Cars, Electric Vehicles, Manufacturing, Tech
Reading Time: 2 mins read
0
A red Tesla Q3
TwitterWhatsappLinkedin

As the electric vehicle (EV) industry continues to evolve, all eyes are on Tesla’s upcoming Q3 2023 delivery and production report. In a recent development, Tesla’s Investor Relations team has shared a compiled analyst consensus for the company’s Q3 2023 vehicle deliveries, shedding light on what investors can expect in the coming weeks.

You might also like

Grok’s “White Genocide” Issue Blamed on Unauthorized Modification

2026 GMC Hummer EV: Bigger, Bolder, and Now in Carbon Fiber

Ram 1500 REV Delayed Again: Electric Pickup Now Expected in 2027

According to the EV giant, the current consensus for Tesla’s third-quarter vehicle deliveries stands at an impressive 455,000 vehicles. This figure, compiled by Tesla’s Investor Relations team, provides a crucial benchmark for assessing the company’s performance during this period.

These numbers came to light through Wall Street veteran and well-known Tesla enthusiast, Gary Black. Notably, Black currently holds a delivery estimate of 445,000 vehicles for the electric car manufacturer. Interestingly, Tesla’s internally compiled consensus figure falls slightly below Bloomberg’s Q3 consensus estimate, which lists deliveries at 457,000 units.

Martin Viecha, Tesla’s VP of Investor Relations, explained that the company’s delivery consensus is sourced from multiple reputable firms. This comprehensive approach includes input from firms such as Baird, Barclays, Bernstein, Bank of America, Canaccord, Citibank, Cowen, Daiwa, Deutsche Bank, Evercore ISI, Exane BNP, Goldman Sachs, Guggenheim, Jefferies, Mizuho, Morgan Stanley, New Street Research, Oppenheimer, Piper Sandler, RBC, Truist, Tudor, UBS, Wedbush, and Wolfe. The inclusion of insights from these well-regarded institutions underscores the robustness of Tesla’s consensus data.

As of now, Tesla has not officially announced the release date for its Q3 2023 delivery and production report. However, based on the historical release schedule, many anticipate that Tesla’s Q3 2023 delivery results will likely be unveiled on Monday, October 2.

While the consensus figures provide valuable insights, it’s important to consider potential challenges that Tesla may face in meeting or exceeding these expectations. Elon Musk, Tesla’s CEO, had previously mentioned factors that could impact production in Q3. The release of the Model 3 Highland and ongoing transitions at Gigafactory Shanghai resulted in some production disruptions. Furthermore, Elon Musk had announced factory upgrades during the Q2 2023 earnings call, which might have affected production numbers for the third quarter.

Despite these challenges, analysts remain optimistic about Tesla’s ability to meet or exceed consensus expectations. The company has a strong track record of beating analyst estimates, and its vehicles are in high demand globally. Additionally, Tesla is expanding its production capacity rapidly, with new Gigafactories in Texas and Berlin expected to come online in the coming months.

Analysts anticipate that the market’s reaction to Tesla’s Q3 2023 performance will be closely watched. While analysts may be forgiving of slight misses on delivery figures, the volatile nature of Tesla’s stock means that significant deviations from the 455,000 expected by Wall Street or the 457,000 expected by Bloomberg could lead to notable fluctuations in TSLA stock prices. China is Tesla’s largest market, and the company has faced some challenges there in recent months, including COVID-19 lockdowns and supply chain disruptions. Tesla’s ability to maintain strong sales in China will also be extremely crucial to its overall performance in Q3. 

As the EV industry continues to expand and evolve, Tesla’s performance remains a key indicator of the sector’s overall health and trajectory.

Tags: Elon MuskTesla Q3Tesla Q3 deliveriestesla q3 report
Tweet54SendShare15
Previous Post

Netflix Has Mailed Its Last DVD

Next Post

Epic Games is Firing About 830 Personnel and Dispossessing Bandcamp

Ashmita Maria

A detail-oriented and organized individual who believes in the power of bringing a change through research based policy-making. With an interest in the varied fields of development and labour economics, political writing and filmmaking, I write when I'm not intellectualizing my problems :)

Recommended For You

Grok’s “White Genocide” Issue Blamed on Unauthorized Modification

by Sneha Singh
May 17, 2025
0
Grok's "White Genocide" Issue Blamed on Unauthorized Modification

xAI's chatbot Grok went rogue on Wednesday, repeatedly bringing up claims about "white genocide" in South Africa regardless of what users were asking. The company has now pointed...

Read more

2026 GMC Hummer EV: Bigger, Bolder, and Now in Carbon Fiber

by Samir Gautam
May 17, 2025
0
2026 GMC Hummer EV: Bigger, Bolder, and Now in Carbon Fiber

The 2026 GMC Hummer EV is here, and it’s louder, faster, and flashier than ever. Though now powered by electricity instead of the roaring V8s that defined its...

Read more

Ram 1500 REV Delayed Again: Electric Pickup Now Expected in 2027

by Samir Gautam
May 16, 2025
0
Ram 1500 REV Delayed Again: Electric Pickup Now Expected in 2027

The much-anticipated Ram 1500 REV, Ram’s first all-electric pickup, has once again been hit with a major delay. Originally announced in 2021 with a promised launch in 2024,...

Read more
Next Post
Epic games

Epic Games is Firing About 830 Personnel and Dispossessing Bandcamp

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?