Barclays Expects Tesla Q3 Deliveries to Miss Estimates
<p>Barclays analysts reiterated an Equalweight rating on <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a> and maintained a price target of $260. The analysts anticipate that Tesla's Q3 deliveries will fall short of Street expectations, with the company delivering around 455,000 units compared to the Street estimate of 463,000 units. </p>
<p>The analysts also noted that Q3 production is expected to be around 435,000 units, a significant decrease from the previous quarter. The analysts suggest that Tesla's inventory may have decreased due to ongoing discounting and slowed production. Additionally, they highlighted that margins will be closely scrutinized, with questions about whether the second quarter represented the low point. Looking ahead, the analysts suggest that Q4 may see some recovery from the weaknesses observed in Q3.</p>

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