Investing.com – Tesla (NASDAQ:) is set to start an eventful October with third-quarter deliveries next week and a Robotaxi event later this month that some on Wall Street believe will show the electric car maker is making big strides toward transformation. . performance.
“We believe this third-quarter delivery version could be a major step back in the right direction with the transformation story underway fueled by a strong backdrop and key AI/FSD innovations driving the company to… “Forward.” .
Tesla is expected to announce third-quarter deliveries next week, likely Wednesday morning. Wall Street expects deliveries of about 462,000 units, although some expect deliveries to exceed 470,000 units.
The electric vehicle manufacturer’s performance in the third quarter is expected to show signs of improvement after a challenging first half of the year, as demand fell due to weakness in China.
However, China is expected to be Tesla’s “star of the show” in the third quarter, Wedbush says, driven by pent-up demand and favorable leasing and financing terms.
But not everyone on Wall Street shares the same level of optimism about Tesla’s deliveries.
Analysts at Deutsche Bank said they expected the electric car maker to at least meet Wall Street expectations, as they expected deliveries of about 462,000 units in the third quarter. Analysts also believe Tesla’s margins for the rest of the year could be “flat to low”, with deliveries in the US and Europe affected by import tariffs, and Cybertruck sales rising.
Looking ahead to the fourth quarter, Tesla’s Robotaxi event on October 10 will garner investor attention, with many keen to get updates on the company’s full self-driving technology, artificial intelligence, and future plans.
Wedbush’s Ives, who will be attending the event, believes “the next phase of Tesla’s growth story is around autonomous driving, Robotaxis, and artificial intelligence playing a role in the Tesla ecosystem over the next year.”
Deutsche Bank appears to agree, citing the event as a “potential catalyst for the stock.” “We expect Tesla to showcase its latest FSD capabilities and provide an update on its Robotaxi plans,” she added.
Wedbush and Deutsche Bank both maintain a buy rating on Tesla shares, with price targets of $300 and $295, respectively.