Reward 500 Tiger-coins$Tesla Motors(TSLA)$ is set to release much-anticipated third-quarter deliveries figures on Wednesday, which are expected to be a major driver of the stock price.
Wall Street analysts are forecasting deliveries to reach 462,000 units in the third quarter, a 6% increase from the third quarter of 2023.
It means the third highest delivery data behind the record 484,507 units in the fourth quarter of 2023 and 466,140 units in the second quarter of 2023.
Tesla's strong growth in deliveries was driven by increasing demand, particularly in China, where government subsidies and low-cost financing supported sales.
Investors is also paying close attention to Tesla's Robotaxi event on Oct. 10, where the company will share the latest advances in its self-driving and AI technologies.
The event is likely to generate buzz about Tesla's AI capabilities and future business opportunities, including self-driving internet car services.
Will delivery data deliver surprises for investors?
Will Robotaxi event lift Tesla from dark days?
Head to $270 or even $300 this time?
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Comments
The Robotaxi event on October 10 will be pivotal for Tesla’s future. As the company showcases its latest advances in self-driving and AI technologies, I expect significant buzz around its potential applications, especially in self-driving internet car services. If Tesla can effectively communicate the advancements and practicality of their Robotaxi concept, it could reignite investor confidence and enthusiasm.
Overall, I see the Robotaxi initiative as a crucial factor for Tesla’s mid-term share price trajectory. With a positive outlook on the developments presented at the event, I’m quite confident that Tesla’s share price has the potential to break above $300 soon.