{"id":26467,"date":"2024-10-01T22:50:06","date_gmt":"2024-10-01T22:50:06","guid":{"rendered":"http:\/\/108039824"},"modified":"2024-10-01T22:50:06","modified_gmt":"2024-10-01T22:50:06","slug":"tesla-set-to-report-q3-deliveries-ahead-of-robotaxi-event","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/tesla-set-to-report-q3-deliveries-ahead-of-robotaxi-event\/","title":{"rendered":"Tesla set to report Q3 deliveries ahead of robotaxi event"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/wp.worldtechguide.net\/wp-content\/uploads\/2024\/10\/tesla-set-to-report-q3-deliveries-ahead-of-robotaxi-event.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><span class=\"waslinkname\">Tesla<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> is set to report third-quarter vehicle production and delivery numbers on Wednesday.&nbsp;<\/p>\n<p>Analysts are expecting <span class=\"waslinkname\">Elon Musk<\/span>&#8216;s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That would include about 435,900 of Tesla&#8217;s Model 3 sedans and Model Y SUVs.<\/p>\n<p>Tesla reported deliveries of 435,059 and production of 430,488 vehicles for the <span class=\"waslinkname\">same period a year ago<\/span>, before it was selling the Cybertruck. More recently, Tesla reported deliveries of 443,956 and production of 410,831 vehicles for the second quarter of 2024.<\/p>\n<p>If Tesla meets analysts&#8217; expectations that would represent a 6.5% year-over-year increase for deliveries after declines in the <span class=\"waslinkname\">first<\/span> and <span class=\"waslinkname\">second<\/span> quarters of 2024.<\/p>\n<p>Deliveries are not defined in Tesla&#8217;s financial disclosures, but they are the closest approximation to units sold reported by the company.<\/p>\n<p>In the third quarter, as it did earlier this year, Tesla continued to offer a variety of incentives and financing plans to drive sales volumes, particularly in the largest market for EVs in the world, mainland China.<\/p>\n<p>Tesla hasn&#8217;t given specific guidance for the full year of deliveries in 2024, but the company has said it expects a lower delivery growth rate this year versus last. Wells Fargo, pointing to this lack of guidance, said in a note that it&#8217;s expecting 1.63 million full-year deliveries for Tesla and third-quarter deliveries at around 440,000, below consensus.<\/p>\n<p>Goldman Sachs last week said it expects Tesla deliveries and production &#8220;to come in-line with consensus, largely driven by the strength in the China market.&#8221; Goldman Sachs recommended <span class=\"waslinkname\">buying call options<\/span> ahead of the Wednesday report.<\/p>\n<h3 class=\"ArticleBody-smallSubtitle\">Robotaxi day in focus<\/h3>\n<p>Shares in the EV maker are up more than 20% over the past month, in anticipation that deliveries could improve year over year and sequentially in the third quarter, and ahead of the company&#8217;s robotaxi day on Oct. 10.<\/p>\n<p>Tesla plans to host investors and fans at its &#8220;We, Robot&#8221; marketing event at a <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-7\"><span class=\"waslinkname\">Warner Bros. Discovery<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> movie studio in Los Angeles.<\/p>\n<p>The automaker is expected to show off the design of a &#8220;dedicated robotaxi,&#8221; which Musk has referred to previously as the CyberCab. Tesla may also provide updates on its humanoid robotics project &#8220;Optimus&#8221; and other automotive and AI-driven products and services.<\/p>\n<p>Tesla EV sales and revenue fell in the first half of 2024, and the company still has yet to deliver a self-driving system that can function as a robotaxi without a human driver at the wheel ready to steer or brake at any time. Tesla also <span class=\"waslinkname\">renamed<\/span> its premium driver assistance option to Full Self-Driving Supervised, tacking on a disclaimer-style term at the end.<\/p>\n<p>Meanwhile, several rivals in the autonomous vehicle industry have begun producing robotaxis, and operating commercial robotaxi services. Rivals include <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\"><span class=\"waslinkname\">Alphabet<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>-owned <span class=\"waslinkname\">Waymo<\/span> in the U.S., and <span class=\"waslinkname\">Pony.ai and Baidu<\/span> in China. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-12\"><span class=\"waslinkname\">Amazon<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>-owned Zoox is preparing a launch of a commercial robotaxi service in the U.S. as well.<\/p>\n<h3 class=\"ArticleBody-smallSubtitle\">Tesla brand erosion<\/h3>\n<p>Some customer interest in buying Tesla vehicles has been chilled by the brand&#8217;s strong association with Musk.&nbsp;<\/p>\n<p>The company&#8217;s favorability among both liberal and conservative consumers fell in July, according to <span class=\"waslinkname\">CivicScience.<\/span> Tesla favorability dropped with Democrats to 18% in July, down from 39% in January, and it declined among Republicans to 22%, down from 36% in January.&nbsp;<\/p>\n<p>Musk \u2014 who also leads SpaceX, X and xAI \u2014 has long shared provocative posts on social media, but in recent years, he&#8217;s become less filtered and more vociferous online about his right-wing political beliefs.<\/p>\n<p>In July, he <span class=\"waslinkname\">publicly endorsed<\/span> former President <span class=\"waslinkname\">Donald Trump<\/span>, and he frequently posts screeds on X concerning illegal immigration, election fraud, crime, violence and other flashpoint issues.<\/p>\n<p>He has shared political misinformation and deepfakes with his massive online following on X, according to reports by <span class=\"waslinkname\">The Associated Press<\/span>, <span class=\"waslinkname\">CNN<\/span>, <span class=\"waslinkname\">NBC News,<\/span> <span class=\"waslinkname\">The New York Times<\/span> and others. Before Musk acquired Twitter, now known as X, his feed focused more on Tesla and SpaceX, according to an analysis by <span class=\"waslinkname\">The Washington Post.<\/span><\/p>\n<p>Among the posts Musk recently spread on X were false claims that <span class=\"waslinkname\">Haitian immigrants<\/span> in Springfield, Ohio, were eating people&#8217;s pets. The Springfield Police Division, Ohio Gov. Mike DeWine and other local groups have all said the claims were baseless.<\/p>\n<p>It remains to be seen&nbsp;whether&nbsp;left-leaning customers&#8217;&nbsp;view&nbsp;of Musk will&nbsp;weigh on deliveries this year.&nbsp;<span class=\"waslinkname\">Pew Research<\/span> has found that Democrats have a much more favorable view of battery-electric vehicles and are more likely to buy them than Republicans in the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday.&nbsp; Analysts are expecting Elon Musk&#8216;s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That would include about 435,900 of Tesla&#8217;s Model 3 sedans and Model Y SUVs. Tesla reported deliveries of 435,059 and production of 430,488 vehicles &hellip;<\/p>\n","protected":false},"author":1,"featured_media":26468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"class_list":["post-26467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","has-thumb","has-featured"],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/26467"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=26467"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/26467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/26468"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=26467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=26467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=26467"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=26467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}