Tesla Inc (NASDAQ:TSLA) to Launch an Active October

Tesla Inc. is gearing up for a busy October centered around its third-quarter deliveries and a highly anticipated Robotaxi event later this month, showcasing advancements in its performance.

Anticipations Around Q3 Deliveries

Wedbush analyst Daniel Ives expressed optimism stating that this quarter’s delivery figures could significantly contribute to a turnaround, spurred by improvements in the AI and Full Self-Driving (FSD) sectors.

Expected Deliveries

Tesla is set to release its Q3 delivery numbers next week, likely on Wednesday, with predictions hovering around 462,000 units. Some analysts even forecast a potential rise to over 470,000 units.

Market Conditions

The expected Q3 results are anticipated to demonstrate recovery after a turbulent first half, impacted notably by reduced demand in China. Ives characterized China as the “star of the show” for Tesla, driven by increased demand and favorable financing conditions.

Varied Analyst Perspectives

While optimism abounds, not all analysts align. Deutsche Bank projects Tesla will at least meet the expected 462,000 deliveries, but they warn of flat margins for the remainder of the year due to import tariffs and increased sales of the Cybertruck.

Looking to Q4: The Robotaxi Event

On October 10, Tesla’s Robotaxi event will draw significant attention, especially regarding updates on its autonomous driving technology and AI advancements. Ives believes that this represents a critical phase in Tesla’s growth trajectory.

Anticipated Impact

Deutsche Bank views the event as a potential catalyst for Tesla’s stock price, anticipating insights into the company’s latest FSD capabilities and Robotaxi ambitions.

Both Wedbush and Deutsche Bank maintain a buy rating for Tesla’s stock, with target prices set at $300 and $295, respectively.