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Analysts at RBC revised their Tesla 4th quarter delivery projections to 456k units, marking a 4.2% decrease from their earlier estimate of 476k units and 1.1% below the consensus estimate based on registration data and app downloads. This adjustment suggests Tesla may reach 1.78 million units for 2023, aligning closely with the lower end of their projected guidance of “around 1.8M.”
RBC notes that there is potential for “a very significant push in the final 2 weeks due to IRA pull-forward,” creating uncertainty in RBC’s estimates.
The push for EVs is growing globally and RBC believes there is strong demand for Tesla products, even in the face of more EV competition.
Tesla is expected to report delivery results during the first week of January.
Shares of TSLA are up 0.49% in early trading on Friday.
