To The Moon

🚨 NEWS: Tesla’s Potential ‘BEST QUARTER’ in China Raises Expectations 🚀🚀

At least four analysts have boosted their estimates for Tesla’s third-quarter delivery numbers, which are due next week. All point to signs that sales are starting to pick up in China, a key area for Tesla and a major market for electric cars globally.

“This China strength comes at a very opportune time for Tesla, helping to offset ongoing weakness in the US and Europe,” said Dan Levy, who follows the company for Barclays. Levy now expects deliveries of about 470,000 vehicles in the three months ending in September, up from 462,000 previously.

“A beat could drive further strength in the stock into Robotaxi Day, serving as a reminder that at least for now concerns on fundamentals have dissipated,” Levy said.

“In China, third-quarter seems likely to be Tesla’s best quarter ever, and although sales in Europe are weak, Cybertruck deliveries are supporting demand in the United States,” said Piper Sandler analyst Alexander Potter. The analyst expects deliveries for the period to be around 459,000 vehicles.

RBC Capital Markets’ Tom Narayan expects it to be around 460,000 units, up from 454,000 prior, while Baird’s Ben Kallo models 480,000. UBS analyst Joseph Spak expects the number to be about 470,000.

“The near-term setup for Tesla is attractive in our view as we see deliveries tracking towards meeting or exceeding current consensus,” Baird’s Kallo said. But with the Robotaxi unveil scheduled shortly afterward “even an in-line or weaker deliveries number would be viewed by investors as a look through with a significant potential catalyst coming soon after.”