Tesla's Q3 deliveries may not be as bad as expected

Tesla's Q3 deliveries may not be as bad as expected

In an upcoming announcement on Wednesday, Tesla Inc. TSLA is scheduled to report its third-quarter deliveries, raising questions on whether Wall Street estimates may not decrease rapidly or significantly enough in anticipation, Barron said.

Analysts usually trim their forecasts in the weeks before the quarter's end. Wall Street had hoped for 473,000 units for Tesla's Q3; however, the consensus among FactSet analysts has dropped to 461,000 units, a 2.5% decrease.

The Elon Musk responded by saying that Tesla users share full self-driving passes.

The predicted 438,000 units are a 6% drop from Q2's 466,000 units, but a 27% rise from Q3 2022's 344,000 units. Tesla shares rose 0.86% to close at $1.6 billion on Monday, according to data from Benzinga Pro.

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