$TSLA

Tesla will report Q3 electric vehicle deliveries and production on Thursday, October 2, before the market opens. Latest estimates suggest deliveries will be in the 475,000–500,000 range, which would mark year-over-year growth and potentially a record.

Q3 deliveries are being boosted by the $7,500 U.S. tax credit that ends September 30. After that, U.S. sales are expected to drop and remain weak for a while. European and Chinese sales are also estimated to be down compared with Q3 2024.

However, there’s anticipation around Full Self-Driving (FSD). Elon Musk said Thursday that FSD V14 will have an “early wide” release this week. He also claimed robotaxis will no longer need a safety driver by year-end and one semiconductor will benefit from this 😉

Tesla closed the week up 3.4% at $440.40. It’s up 21.1% over the past 4 weeks. Musk announced his stock purchase at the most critical point, jumping above institutional order block levels. The chart is signaling upward momentum. There might be a gap left below, but Tesla continues to be one of the best medium/long-term options.