Tesla Stock Rallies as Analysts Boost Q3 Delivery Forecasts

Wall Street projects strong third-quarter delivery numbers and anticipates key updates at Tesla's upcoming robotaxi event.

Tesla stock has erased its 2024 losses, closing 4% higher for the year as of Wednesday.
Analysts predict Tesla will report Q3 deliveries ranging from 459,000 to 480,000 vehicles, with a consensus around 462,000 units.
Strong performance in China is expected to drive Q3 results, potentially offsetting weaker sales in Europe.
Tesla's robotaxi event on October 10 will provide updates on its Full Self-Driving technology and the new 'cybercab.'
Tesla's stock has risen 20% in September, bolstered by positive delivery forecasts and upcoming product announcements.