[Barclays Expects Tesla to Deliver 475,000 Vehicles in Q3, Exceeding Market Expectations]
Barclays' research report estimates Tesla's Q3 delivery volume at 475,000 vehicles, higher than the market consensus of 466,000 vehicles. Among them, deliveries in the U.S., China, and Europe are expected to be 165,000 vehicles, 137,000 vehicles, and 71,000 vehicles, respectively. FSD penetration rate and exports from the Shanghai factory are key growth drivers. The firm maintains a neutral rating for Tesla, with a target price of $370 and a current price of $366.20. (Source: Chaoxiang Research)