What to Expect From Tesla’s Q3?

Deutsche Bank analysts provided their outlook on Tesla’s (NASDAQ:TSLA) upcoming report on Q3 deliveries and production figures.

The analysts expect Q3 deliveries to be 367,000 units (up 52% year-over-year, up 44% quarter-over-quarter), reflecting strong recovery from Q2 prolonged Covid-related shutdown and logistical challenges in the Shanghai factory and ramp-up from the Berlin and Texas factories.

The analysts expect 195,000 units from the Shanghai factory, 20,000-25,000 from Berlin and Texas factories, with the rest from Fremont. The analysts expect Q3 revenue to be $22.9 billion and EPS to be $1.14, compared to the Street estimates of $22.7 billion and $1.06, respectively.