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.