What does Elon Musk have in mind? This is the future of Tesla according to investors

Tesla is preparing to announce its quarterly deliveries and analysts have predicted record sales in the third quarterdriven mainly by the strong demand in China. FactSet Estimates Suggest Tesla Will Deliver 461,000 vehicleswhich reflects a growth of 6% year-on-year.

For its part, Barclays raised its forecast to 470,000 vehiclesmarking an increase in 8% annually and an increase in 10% compared to the second quarternoting that robust sales in China will likely offset weaker performance in the United States and Europe.

Potential sales in China

According to the Chinese Passenger Car Association (CPCA), Tesla sold 86,697 vehicles in Augustof which 23,241 were for export, resulting in national sales of 63,456 cars.

This represents a increase of 37.27% compared to July and an increase of 2% compared to the same month last year. Although the figure represents the highest monthly sales in 2024it is still below Tesla’s sales record in 2022, which reached almost 80,000 units in May and September.

Despite the increase in August, Tesla’s total deliveries in China from January to August were 388,000 vehiclesa decrease in 0.57% compared to the same period last year, according to CNevpost.

BYD continued to lead the new energy electric vehicle (NEV) market in China with a 37% sharefollowed by Geely with 7.2% and Tesla in third place with 6.2%a slight increase from 5.27% the previous month.

Tesla is expected to maintain a strong sales momentum in Septemberwith CPCA data showing 31,800 registrations in the first two weeks, indicating a potential monthly sales volume of more than 63,000 units.

In contrast, sales in Europe remain sluggish, with Tesla delivering approximately 148,000 vehicles in Europe during the first seven months of 2024, equivalent to only two months of sales in China.

The ‘Robotaxi’, a key project

Tesla usually publishes its quarterly production figures and delivers some two weeks before your results reportwhich is scheduled for October 16. Although they anticipate positive delivery expectationsthe market’s attention often shifts to Tesla’s overall performance. This time, the focus will be on its ‘Robotaxi’ event.

Originally planned for August 8the presentation of ‘Robotaxiwas postponed to October 10. This initiative is part of the Tesla’s broader strategy to develop fully autonomous vehicles using Full Self-Driving (FSD) technology, positioning it in the artificial intelligence (AI) race.

CEO Elon Musk has stated that AI-powered products, such as ‘Robotaxi and the Optimus humanoid robots, will be manufactured in the Tesla factory in Austin. In April, Musk hinted that Optimus could be performing tasks inside the factory by the end of 2024.

Tesla also aims to launch the FSD in China and Europe for the first quarter of 2025pending regulatory approval. During the second quarter earnings call, Musk suggested that the company could get approval by the end of this year.

Tesla stock trajectory

Tesla shares rose a 1.08% to 257 dollars (230 euros) on Wednesdayextending a three-day winning streak. Despite this, Tesla remains the weakest performance among so-called ‘Magnificent Seven’ stockswith only one increase of 3.44% so far this yeardue in large part to a marked decline in growth.

However, since it reported its first-quarter results in April and revealed plans to increase production of affordable electric vehicles, the stock has fallen. recovered 84%. Although an improvement is expected in the sales in Chinathe recent series of relief measures in the country has also boosted Chinese stock markets, including the electric vehicle sector.