Tesla (NASDAQ:TSLA) stock fans will want to keep an eye on the electric vehicle (EV) company when Oct. 2 rolls around!
That’s when the EV giant is expected to release its delivery numbers for the third quarter of the year. The analyst consensus estimate is for Tesla to report 462,000 units delivered during the period.
If that holds true, it would be worse than the 466,140 vehicles Telsa delivered in the second quarter of 2023. However, investors will also note that the company set a new quarterly delivery record with that number.
There are a few reasons that Tesla may not be able to reach the same amount of deliveries as it did in Q2. A few factors in play are lower inventory from price reductions, slowing production and waning interest in Tesla EVs, Investors’ Business Daily notes.
What to Expect From TSLA Stock
Investors in Tesla will want to keep an eye on that delivery report when it comes out. Depending on how the company stacks up to estimates, it could act as a positive or negative catalyst for TSLA stock.
Even after the delivery update, investors will still have more reasons to keep track of Tesla in October. The company is also expected to release its earnings report for the third quarter of 2023 next month. This could also be a potential catalyst for shares.
TSLA stock is largely unmoved as of Tuesday morning.
Investors looking for even more of the most recent stock market stories will want to keep reading!
We have all of the biggest pre-market stock movers that traders need to know about on Tuesday! A few examples of that include what has shares of DraftKings (NASDAQ:DKNG), Canopy Growth (NASDAQ:CGC) and Rivian (NASDAQ:RIVN) moving today. All of that news is ready to go at the links below!
More Tuesday Stock Market News
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- RIVN Stock Alert: Baird Expects Rivian to Outperform in Q3
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.