Hyperdrive
Tesla’s Potential ‘Best Quarter’ in China Raises Expectations
- Several banks boost third-quarter delivery estimates this week
- Strong figures could allay fears ahead of key Robotaxi event
A Tesla Inc. electric vehicle at a showroom in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
With Tesla Inc. possibly looking at its “best quarter ever” in China, Wall Street pros are rushing to increase their outlooks for the electric-vehicle maker’s quarterly sales.
At least four analysts have boosted their estimates for Tesla’s third-quarter delivery numbers, which are due next week. All point to signs that sales are starting to pick up in China, a key area for Tesla and a major market for electric cars globally.