Barclays anticipates that Tesla will deliver 470,000 EVs in Q3, exceeding the consensus estimate of 461,000, which could strengthen TSLA stock.
Tesla's strong performance in China, particularly its August sales of 86,697 vehicles, is expected to significantly contribute to third-quarter deliveries.
The recent note from Barclays suggests that if Tesla beats the forecast, it may alleviate concerns regarding the company’s fundamentals and positively impact investor sentiment.
While Tesla's registrations in China show promising sales trends, the company has not released exact weekly sales figures, leaving some uncertainty in total sales data.
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