The Zhitong Finance App learned that Tesla (TSLA.US) recently published a summary of analysts' vehicle delivery estimates on its official website. Among them, the average forecast for the current quarter is more pessimistic than the data compiled by the market. According to Tesla's own statistics, analysts on average expect the company to deliver 422,850 vehicles in the fourth quarter, down 15% from the same period last year. In contrast, the average estimate compiled by the market was 445,061 vehicles, a year-on-year decrease of 10%.
Although the Tesla Investor Relations team has been compiling average delivery estimates for many years, this data has never been published on the official website in the past. The automaker is facing a second consecutive year of decline in annual sales, and its compilation has compiled an average annual delivery estimate of 1.6 million vehicles, down more than 8% from the same period last year.
Tesla's sales volume plummeted at the beginning of this year because all of its assembly plants remodeled production lines for the facelift Model Y (the company's best-selling model). Meanwhile, CEO Elon Musk's divisive role in the Trump administration has had an impact on the brand.
Tesla's third-quarter deliveries soared to record levels as American consumers snapped up electric vehicles just before the end of the $7,500 federal tax credit at the end of September. At the beginning of this quarter, Tesla partially offset the impact of the withdrawal of preferential policies by promoting simplified Model Y sports utility vehicles and Model 3 sedans, all priced at less than 40,000 US dollars.
Despite falling vehicle sales, Tesla's stock price is expected to record an increase this year. By Monday's close, the stock had risen 14% during the year, slightly lower than the 17% increase in the S&P 500 index.