esla Q3 2024 Expectations

After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade, Wall Street has been expecting Tesla to finally return to year-over-year growth this quarter.

Analysts have a consensus of 463,000 deliveries.

While meeting those expectations would mark a return to year-over-year for Tesla, they would be short of the 485,000 deliveries it needs to stay on track for overall delivery growth in 2024 and short of the 585,000 deliveries it needs to stay on track for its original goal of 2 million deliveries for the year.

Tesla isn’t releasing precise guidance for annual deliveries anymore. Tesla Q3 2024 Production and Delivery Results

Before markets opened today, Tesla released its production and delivery results for the last quarter. The automaker confirmed that it produced 469,796 vehicles and delivered 462,890 vehicles between July and September 2024.

Production	Deliveries	

Model 3/Y 443,668 439,975 Other Models 26,128 22,915 Total 469,796 462,890

This comes literally just about a hundred vehicles under Wall Street expectations.

Tesla had been sitting on about 13,000 vehicles in over production before Q3. Now, it adds about 7,000 vehicles to that tally.