Tesla set to report Q3 deliveries ahead of robotaxi event
Tesla Set to Report Q3 Vehicle Production and Delivery Numbers #
Tesla is preparing to release its third-quarter vehicle production and delivery numbers. Analysts anticipate the automaker to report approximately 463,310 deliveries, which would represent a 6.5% increase year-over-year. This expectation includes about 435,900 Model 3 sedans and Model Y SUVs.
In the same period last year, Tesla reported deliveries of 435,059 and production of 430,488 vehicles, before the Cybertruck was available. For the second quarter of 2024, the company reported deliveries of 443,956 and production of 410,831 vehicles.
Throughout the third quarter, Tesla continued to offer various incentives and financing plans to boost sales volumes, particularly in the Chinese market.
The company hasn’t provided specific guidance for full-year deliveries in 2024 but has indicated it expects a lower delivery growth rate compared to the previous year.
Upcoming Robotaxi Event #
Tesla’s stock has seen a significant increase of over 20% in the past month, partly due to anticipation of improved deliveries and the upcoming robotaxi event on October 10. The company plans to host a “We, Robot” marketing event in Los Angeles, where it’s expected to showcase the design of a dedicated robotaxi, potentially called the CyberCab. Updates on the humanoid robotics project “Optimus” and other AI-driven products and services may also be presented.
It’s worth noting that Tesla has yet to deliver a fully autonomous self-driving system capable of functioning as a robotaxi without human intervention. The company recently renamed its premium driver assistance option to “Full Self-Driving Supervised,” adding a disclaimer-style term.
Brand Perception #
Recent surveys indicate a decline in Tesla’s brand favorability among both liberal and conservative consumers. The company’s strong association with its CEO has reportedly influenced customer interest in purchasing Tesla vehicles.
The upcoming Q3 report and robotaxi event are likely to be closely watched by investors and industry observers as indicators of Tesla’s performance and future direction in the competitive electric vehicle and autonomous driving markets.