Deliveries for Tesla’s fourth quarter are scheduled for Tuesday morning. The amount is significant for the organization. TSLA by Tesla
While attempting to recover from a lackluster third-quarter performance and fend off Chinese competition for the position of the leading global manufacturer of battery electric vehicles, -1.86% is attempting to rebound.
Tesla is anticipated by Wall Street to disclose a range of 475 thousand to 480,000 units delivered. That would be an improvement over the 435,000 delivered in the third quarter of the previous year and a record-breaking number, surpassing the 466,000 delivered in the second quarter of 2023. Any figure exceeding 475,000 ought to be acceptable for the stock.
However, anything could occur in the aftermath of the report. Tesla stock fluctuates following the announcement of shipments. The average daily movement of shares, whether in an upward or downward direction, since the eight most recent reports was 7%. Three times, the stock price fell, and five times, it rose.
Following the delivery report for the fourth quarter of 2021, shares increased by nearly 14%. The stock declined by over 12% subsequent to deliveries in the fourth quarter of 2022.
Although the sample size is limited, it is more probable that shares will maintain their recent trading behavior subsequent to the release of a delivery report. In five of the last eight reports, the stock price reaction to deliveries has mirrored the stock change for the month preceding deliveries.
As trading resumes on Tuesday, Tesla shares are up approximately 2% over the previous month. A slight uptick in Tesla stock price would be anticipated, given the preceding trend. However, the 2% change is the smallest since the report eight days ago.
