Analysts divided as Q3 delivery estimates vary

Tesla shares rose 4.93% to $250, driven by diverging analyst forecasts for third-quarter deliveries. Barclays forecast an optimistic 470,000 vehicles, topping Goldman Sachs’ consensus estimate of 460,000. The discrepancy reflects ongoing debates over Tesla’s market position. The electric vehicle giant plans to introduce its Full Self-Driving (FSD) technology in Europe and China in early 2025, potentially cementing its leadership in autonomous driving. However, the company faces regulatory hurdles in Europe, where strict requirements require extensive approval for FSD implementation.

Technological advances amid market uncertainty

Tesla continues to innovate, with FSD software version 12.5.2 promising improved driving safety. The anticipated version 13, due in October 2024, aims to improve autonomous driving capabilities by six times. Despite this progress, market uncertainty remains, as evidenced by the wide range of analyst recommendations and price targets. The upcoming third-quarter delivery figures, due in early October, will be crucial in judging the automaker’s performance and could have a significant impact on stock prices. As Tesla navigates technological advances and regulatory challenges, the stock remains the subject of intense market speculation.

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