My Tesla Production and Delivery Forecast For Q3 2023
Here is my forecast for Q3 2023 in regards to Tesla's deliveries and production. The last two quarters were record setting.
Will there be a third in a row?
Watch the video to find out.
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Summary:
In this video, Task provides his forecast on Tesla's production and delivery numbers for the upcoming quarter. He predicts a decline in both production and delivery figures compared to the previous quarter, attributing this to temporary shutdowns for upgrades at various Tesla facilities, particularly in Shanghai and Austin. Task expects the pullback in deliveries to be more significant than in production and suggests that this could lead to disappointment on Wall Street, potentially presenting a buying opportunity for investors.
Detailed Article:
Task in this video delves into his forecast for Tesla's production and delivery numbers in the upcoming quarter, shedding light on the unique aspect of the automotive industry where companies release their numbers early in the quarter, providing insight for investors even before earnings calls. He mentions Tesla's exceptional performance in Q1 and Q2, which set high records for the company, but anticipates a decline in Q3.
The anticipated decline in numbers is, according to Task, primarily due to temporary shutdowns for upgrades at Tesla's production facilities in Fremont, Shanghai, and Austin. He points out that the shutdown in Shanghai was partly to introduce a new line for the upgraded Model 3, affecting production volume. Moreover, Task highlights that while Tesla rapidly produced the new updated Model 3 in China, many of these vehicles are still in transit and are not considered sold until customers take possession, following Tesla's direct sales model.
Task speculates that the significant number of Model 3s being shipped to Europe to compensate for the absence of local production in Berlin might contribute to lower delivery figures, as the vehicles are not counted as sold until finalized paperwork with customers. This, coupled with the draining of Model 3 inventory in anticipation of the refresh, leads Task to forecast a notable pullback in deliveries, possibly more substantial than the decline in production figures.
He concludes by suggesting that this anticipated drop in Tesla's delivery numbers could lead to a negative market reaction, offering a potential buying opportunity for investors looking to benefit from any ensuing stock price dips. Task's analysis provides a comprehensive overview of the factors influencing his forecast for Tesla's Q3 performance, grounded in insights into the company's production processes and sales strategies.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.