Barclays Forecasts 465,000 Tesla (TSLA) Deliveries in Q3, Above Consensus

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Analysts Say You Should Watch Closely. On September 15, Barclays maintained its Equal Weight rating on the stock with a price target of $275.00, raising its third-quarter delivery forecast.

According to the investment bank, Tesla will deliver an estimated 465,000 vehicles in the third quarter, which is significantly higher than the consensus estimate of around 430,000 units.

It further stated that Tesla’s inventory will decline by 20,000 units’ quarter-over-quarter. This will bring the company’s total inventory down to an estimated 110,000-120,000 vehicles.

The firm has credited these better-than-expected deliveries to solid data points throughout the quarter and accelerated US sales ahead of forthcoming expiration of the federal electric vehicle tax credit.

However, it has cautioned that despite of near-term delivery strength, investors may be focused on weaker expected volume outlook in Q4 and beyond, especially in the U.S. market where EV demand may witness a major decline after the tax credit expires.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

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