Tesla (TSLA.US) dropped more than 2% on Friday, closing at $474.98. Regarding Tesla's fourth-quarter delivery figures, Wall Street generally anticipates around 440,000 units, though some analysts project 415,000 deliveries, and certain institutions forecast a range between 415,000 and 435,000 units.
If Tesla's fourth-quarter deliveries fall below or hover near 440,000 units, it would indicate a year-over-year and quarter-over-quarter decline. In the fourth quarter of last year, Tesla produced 459,445 electric vehicles and delivered 495,570 to customers. In the third quarter of this year, it manufactured 447,450 units and delivered 497,099.
The investment banks' projections of approximately 440,000 or even lower are linked to the discontinuation of the $7,500 federal tax credit in the United States. As the largest market for Tesla's electric vehicles, the U.S. had been offering this credit to EV buyers, which expired after September 30 this year. Investment banks and analysts believe this has impacted demand for Tesla's vehicles in the U.S. market, leading to the forecasts of a sequential and annual decline.