"In the U.S., Wolfe attributed part of the volume lift to consumers accelerating purchases ahead of the expiration of a $7,500 federal EV tax credit. The firm is also optimistic about China's deliveries, which the firm noted is trending above prior expectations. Wolfe estimated 165,000-170,000 deliveries in China for the third quarter, or about 10,000 more than its earlier forecast, as noted n a Yahoo Finance report."
"Wolfe noted that it expects Tesla's Q3 earnings per share to fall between $0.55 and $0.60, which is above the current consensus of $0.49 per share. The firm forecasts automotive gross margins, excluding regulatory credits, of about 16.5% to 17%. Looking ahead, Wolfe warned that Q4 could prove more challenging due to U.S. demand being pulled forward by tax incentives. Still, Wolfe suggested that factors like stronger seasonal"
Projected Q3 deliveries are 465,000 to 470,000 units, representing a 22% increase from Q2 and exceeding the 445,000 consensus. U.S. demand shows acceleration ahead of a $7,500 federal EV tax credit expiration. China deliveries are projected at 165,000–170,000 for Q3, about 10,000 above earlier forecasts, with limited contribution so far from the newly launched Model Y L. Q3 EPS is projected at $0.55–$0.60, above a $0.49 consensus. Automotive gross margins excluding regulatory credits are forecast near 16.5%–17%. Q4 may face pressure due to pulled-forward demand, partly offset by seasonal strength.
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