'Mojo Is Back At Tesla' Says Tech Analyst Dan Ives Ahead Of Q3 Deliveries
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Wedbush analyst Dan Ives predicts Tesla's Q3 delivery figures will exceed expectations, estimating between 465,000 to 470,000 units, surpassing the consensus of 462,000. He cites strong demand growth in China and favorable financing terms as key factors. Ives believes Tesla's price cuts are largely behind them, with gross margins set to improve. He highlights the upcoming Robotaxi event on October 10 as a significant catalyst for the company. Wedbush maintains an Outperform rating and a positive outlook for Tesla's deliveries, projecting 1.8 million for fiscal year 2024.