"Next week, Tesla is expected to announce its 3Q deliveries, which we believe will come in above the Street's 462k unit bogey with whisper numbers around the 465k - 470k range. After a bumpy 1H for Musk & Co., as the company saw softer demand along with the broader industry earlier in the year, we believe 3Q will provide a solid rebound, looking to 2H for the company as Chian continues to heat up and price/demand stabilization has continuously been seen throughout the quarter."
"Looking to the rest of the year with the anticipated rebound in delivery performance to the rest of the year, we remain confident in Tesla's ability to hit 1.8 million deliveries for FY24, which we will view as a solid feat given the extensive white-knuckle moments seen throughout the first half of the year. With the upcoming Robotaxi event expected to provide some notable updates on the company around FSD, AI, and the company's future."
"China is clearly the star of the show this quarter. Despite challenges in Europe and China, we remain bullish about U.S. demand stabilization offsetting any weaknesses in those markets."
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