Q3 DELIVERY ESTIMATES + NEW TESLA BOARD MEMBER

EV Channels Review

This episode of Tesla Daily focuses on financial and production estimates rather than vehicle reviews. The primary news includes Tesla appointing Joe Gebbia, former Airbnb co-founder, to its board, a move the host suggests could benefit Tesla's future autonomy and robo-taxi services. Analyst updates from Piper Sandler and Citi reveal lowered price targets and delivery forecasts for Tesla, citing concerns over Chinese market share, demand, and rising interest rates impacting the cost of capital. Citi's note, historically bearish, reiterates a significantly lower price target but includes a speculative point about a potential acquisition by a larger tech company. The latter half of the episode delves into detailed Q3 production and delivery estimates for Tesla's global factories (Shanghai, Berlin, Texas, Fremont). The host provides a production forecast of 367,401 vehicles, a substantial increase year-over-year, while projecting deliveries at 361,400, with a noted gap attributed to production backloading and potential export delays from Shanghai.