Tesla expects record deliveries: what could this mean for the company's future?

Tesla is nearing the end of the fourth quarter and could set a new quarterly record for vehicle deliveries, according to analysts. While this achievement confirms Tesla's position as a leader in electric vehicles, the question remains whether it will have a significant impact on TSLA stock performance and the company's overall future. Analysts suggest that despite the expected increase in deliveries, the impact of these results on the stock market may be rather limited.

Record deliveries in sight

Tesla $TSLA plans to release fourth-quarter and full-year 2024 production and delivery data likely on Thursday, Jan. 2. Analysts estimate that Tesla could surpass the 500,000 vehicle deliveries mark for the latest quarter, which would set a new record. According to a Barclays report, crossing the 515,000 vehicles delivered mark could mean year-over-year growth in deliveries. That result would bolster Tesla's continued growth story, which is key to maintaining investor confidence.

Limited impact on the stock market

Even though record deliveries may support the company's success narrative, Barclays analysts say investor interest in Tesla's fundamental results is limited. Short-term fluctuations in delivery volumes are therefore unlikely to affect TSLA stock's upside, which has recently been driven by broader factors such as advances in autonomous driving and expected regulatory changes under the newly elected US president.

Tesla's performance in key markets

Tesla's deliveries for 2023 are up 38% to 1.8 million vehicles. For 2024, Tesla expects only modest growth in deliveries, which means it needs to deliver approximately 515,000 vehicles in the fourth quarter to achieve its projected result. While demand in China remains strong, the company faces weakening customer interest in key markets in the US and Europe.

TSLA share price development

Tesla's stock has experienced strong growth in recent weeks, driven by expectations of advances in autonomous driving and optimism about regulations. Since the election of the new US President, Tesla shares have risen 76% and gained a further 21% during December. Although the stock is currently consolidating, it remains in a long-term uptrend.

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Source: investors.com