"A Wall Street firm is making a shocking move ahead of Tesla's Q3 delivery report, increasing its forecast for the quarter. Tesla is set to report its deliveries for the third quarter sometime next week at the beginning of October. There has been quite a bit of speculation about Tesla's performance in terms of deliveries for the quarter, as many firms and investors are curious about how strong it could be."
"Tesla also has launched an attractive revamp to the Model Y this year, which was the best-selling car in the world for the past two years. These two points have helped Tesla with demand specifically this year, but this quarter has been especially strong because of the tax credit phase-out. With that being said, one Wall Street firm chose to push its delivery prediction for the third quarter up about ten percent."
UBS increased its Tesla Q3 delivery forecast from 431,000 to 475,000 units, aligning with buyside expectations near 470-475k. The upgrade reflects strong U.S. deliveries as consumers rushed to use the $7,500 IRA EV tax credit before its expiry at the end of September 2025. A refreshed Model Y, which was the world's best-selling car for the past two years, also boosted demand. The tax credit phase-out accelerated purchases this quarter. Tesla is scheduled to report third-quarter deliveries in early October, and UBS's revision represents roughly a ten percent increase from its prior projection.
Read at TESLARATI
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