Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Vietnam’s Growing Use of Chinese 5G Technology Raises Western Concerns 
Baidu Cuts Jobs as AI Competition and Ad Revenue Slump Intensify 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Amazon Debuts “Amazon Now” for 30-Minute Ultrafast Grocery Delivery 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Intel Boosts Malaysia Operations with Additional RM860 Million Investment 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
U.S. Backs Bayer in Supreme Court Battle Over Roundup Cancer Lawsuits 
Tesla is set to achieve record-breaking Q3 2024 deliveries, with betting markets predicting over 460,000 units. Increased demand in China and the Cybertruck production ramp-up are key factors driving this optimism, as the electric vehicle market continues to evolve.
Tesla's Innovation and Cybertruck Ramp-Up Drive Optimism for Record Q3 2024 Delivery Figures
Tesla is on the brink of its most successful quarter in China, anticipating record-breaking Q3 deliveries adding to the excitement. The company's innovative features and the secular shift toward electric vehicles (EVs) have effectively mitigated the influx of new competition, as recently noted by Wccftech. Additionally, the Cybertruck's production ramp-up is anticipated to contribute to Tesla's quarterly delivery records. Betting markets are becoming increasingly optimistic about Tesla's forthcoming Q3 2024 delivery figures as this trend becomes more apparent.
According to bets on the Kalshi platform, Tesla is anticipated to disclose deliveries of 467,000 units for Q3 2024. Additionally, the platform predicts that Tesla will exceed 460,000 units in its forthcoming delivery disclosure by 80 percent.
Wall Street analysts have reached a consensus estimate for Tesla's Q3 deliveries, projecting around 462,000 units. Rumor numbers, on the other hand, vary from 465,000 to 470,000 units. A seasoned Tesla advocate, Dan Ives, is optimistic about the company's performance, foreseeing over 470,000 deliveries driven by solid demand in China.
Goldman Sachs Predicts 460,000 Tesla Q3 Deliveries Amid U.S. Stagnation, Europe Decline, and China Growth
In contrast, Goldman Sachs analyst Mark Delaney recently updated his forecast, predicting that Tesla's Q3 deliveries would total approximately 460,000 units. This prediction is based on data from the United States, Europe, and China. He observed that sales have been resilient in China but have remained stagnant in the United States and have declined in Europe year-over-year.
In addition to delivery figures, Tesla's forthcoming robotaxi reveal event, scheduled for October 10th, generates investor enthusiasm. The robotaxi is anticipated to utilize the same platform as Tesla's upcoming Model 2, priced at less than $30,000. Deutsche Bank predicts that Tesla's robotaxi fleet could expand to one million units by 2035, generating annual revenues of approximately $15 billion, a hopeful prospect for the company's future.
