Overview

• Tesa is expected to publish global production and delivery figures midweek, likely Wednesday or Thursday.
• Wall Street consensus sits near 448,000 vehicles for the quarter, with some forecasts approaching about 456,000 and still trailing last year’s 463,000.
• U.S. demand was likely pulled forward by buyers rushing to secure expiring tax credits at month-end, raising concerns about durability of any pickup.
• European Union registrations fell roughly 37% in August to about 8,200 vehicles, and BYD outsold Tesla in the bloc for a second straight month.
• Some trackers pointed to late-September improvement in parts of Europe and steadier signals in China and the U.S., while Elon Musk has warned that near-term quarters could be rough.