Tesla's Q3 Delivery Slip Sparks Analyst Concerns: Is EV Demand Waning?
Portfolio Pulse from AJ Fabino
Tesla's Q3 delivery numbers fell short of expectations, sparking concerns among analysts from Truist Securities, Bernstein, and GLJ Research. The company produced 430,488 vehicles, down from 479,700 in Q2, and delivered 435,059 vehicles, down from 466,140 in Q2. Analysts expressed concerns over pricing strategies, factory upgrades, and doubts over real demand for Tesla vehicles. Despite the lower numbers, Tesla maintains its full-year 2023 volume target of around 1.8 million vehicles.
October 03, 2023 | 3:29 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tesla's Q3 delivery numbers were lower than expected, causing concerns among analysts. Despite this, the company maintains its 2023 volume target of 1.8 million vehicles.
The lower than expected Q3 delivery numbers have raised concerns among analysts about Tesla's future prospects. This negative sentiment could potentially impact the company's stock price in the short term. However, Tesla's reaffirmation of its 2023 volume target may mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100