As the fourth quarter nears its end, Tesla (TSLA, Financial) is striving to surpass its previous delivery records. Barclays estimates Tesla’s Q4 deliveries at 515,000 vehicles, marking a year-over-year increase compared to 1.8 million in 2023. Despite a 2.3% rise in Tesla’s stock price, analysts remain cautious about the impact on annual growth and note limited investor focus on fundamentals. Short-term trading volume dips are not expected to affect Tesla’s momentum, driven by factors like autonomous vehicles and AI.
Barclays suggests that Q4 performance may not significantly influence Tesla’s bullish factors. Tesla stock climbed 2.3% to $430.60 after a 3.5% drop, maintaining an uptrend. Since the election of Donald Trump, Tesla shares have surged 70%, fueled by speculation on regulatory easing for autonomous vehicles.
Tesla aims for a slight delivery growth in 2024, with 514,925 vehicles needed in Q4 to surpass 2023’s record….
