Tesla Gears Up for an Action-Packed October with Q3 Deliveries and Upcoming Robotaxi Event

Tesla Inc is gearing up for an eventful October, starting with its third-quarter delivery report next week, followed by a highly anticipated Robotaxi event later this month. Some analysts believe these developments may indicate significant progress in the company’s performance turnaround.

“We believe the Q3 delivery numbers could signal a major step in the right direction, driven by a favorable environment and key advancements in AI and full self-driving technology,” remarked Wedbush analyst Daniel Ives in a recent note.

Tesla is expected to announce its Q3 deliveries next week, likely on Wednesday morning. Wall Street anticipates deliveries to be around 462,000 units, with some projections suggesting numbers could exceed 470,000.

The third-quarter results are expected to demonstrate a recovery following a challenging first half of the year, in which demand was hindered by economic difficulties in China. However, analysts from Wedbush foresee China being a strong performer for Tesla in Q3, fueled by pent-up demand and attractive leasing and financing options.

Yet, not all analysts express the same optimism regarding Tesla’s delivery figures. Deutsche Bank analysts anticipate that Tesla will at least meet Wall Street’s expectations, forecasting approximately 462,000 units delivered in Q3. They also suggest that the company’s profit margins for the remainder of the year may remain steady or decline, influenced by import tariffs and an increase in Cybertruck sales affecting deliveries in the U.S. and Europe.

Looking ahead to Q4, Tesla’s Robotaxi event on October 10 is expected to attract significant investor interest, particularly regarding updates on the company’s full self-driving technology and future strategies. Ives, who plans to attend the event, believes that the next phase of Tesla’s growth will involve advancements in autonomy, Robotaxis, and AI within the Tesla ecosystem throughout the coming year.

Deutsche Bank also views the Robotaxi event as a potential boost for the stock, anticipating that Tesla will showcase its latest full self-driving capabilities and provide updates on its Robotaxi initiatives.

Both Wedbush and Deutsche Bank maintain a buy rating on Tesla’s stock, with price targets set at $300 and $295, respectively.