Deutsche Bank Lowers Tesla Q3 Delivery Estimates 
<p>Deutsche Bank analysts suggested that <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a> may fall short of Street expectations in Q3 for deliveries and production figures, primarily due to global plant downtime associated with upgrades and Project Highland.</p>
<p>The analysts revised Q3 delivery estimates downward to 440,000 units, marking a 6% decline compared to the previous estimate of 455,000 units. Looking ahead to 2024, they noted significant downside risk to earnings forecasts, citing a much lower volume outlook than what the market anticipates. </p>
<p>Deutsche Bank envisions Tesla guiding for approximately 2.1 million deliveries next year, which is considerably lower than the market consensus of 2.3 million deliveries.</p>
<p>However, the analysts also highlighted a potential positive aspect: with Tesla not aggressively pursuing higher volumes, there might be reduced pricing pressure in the coming year.</p>

NASDAQ:TSLA