Barclays believes recent Tesla commentary on the pace of production provides some hint on the potential delivery volume in Q3 and forecasts 455,000 units to be delivered, which would be a miss compared to the consensus forecast for 463,000 units and also below the firm’s currently published estimate of 483,000 units. The firm, which notes that its new estimate implies a quarter-over-quarter decline from the Q2 total of 466,000 units delivered, has an Equal Weight rating and $260 price target on Tesla shares.
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