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whip bull report, october 2 news, according to cnbc, tesla will announce third quarter vehicle production and delivery data on wednesday.

analysts expect elon musk's automaker to report deliveries of about 463,310 vehicles, according to estimates compiled by factset streetaccount. this includes approximately 435,900 tesla model 3 sedans and model y suvs.

tesla reported deliveries of 435,059 vehicles and production of 430,488 vehicles during the same period last year (when the cybertruck was not yet on sale). recently, tesla reported deliveries of 443,956 vehicles and production of 410,831 vehicles in the second quarter of 2024.

if tesla meets analysts' expectations, deliveries would rise 6.5% year over year after declines in the first and second quarters of 2024.

deliveries aren't defined in tesla's financial disclosures, but they are the closest thing to sales the company reports.

in the third quarter, like earlier this year, tesla continued to roll out various incentives and financing programs to drive sales, especially in mainland china, the world's largest electric vehicle market.

tesla has not given specific guidance for full-year deliveries in 2024, but the company said it expects delivery growth this year to be lower than last year. wells fargo pointed to tesla's lack of guidance and said in a report that it expected tesla to deliver 1.63 million vehicles for the full year and about 440,000 vehicles in the third quarter, which was lower than expected.

goldman sachs said last week it expected tesla's deliveries and production to be in line with market expectations, driven by strong performance in china.

goldman sachs recommends buying call options ahead of wednesday's report.

robot taxi day takes center stage

the electric car maker's shares have risen more than 20% in the past month on expectations for higher year-over-year and quarter-over-quarter deliveries in the third quarter and ahead of the company's self-driving taxi day on october 10 .

tesla plans to hold a "we, the robots" marketing event at the warner bros. discovery center, inviting investors and fans to the studio event in los angeles.

tesla is expected to show off the design of a dedicated robot taxi, which musk has previously called cybercab. tesla is also likely to provide updates on its humanoid robot project, optimus, and other automotive and artificial intelligence-driven products and services.

sales and revenue of tesla's electric cars have declined in the first half of 2024, and the company has still not launched an autonomous driving system that can act as a robotaxi without a human driver being ready to steer or brake. tesla also renamed its advanced driver assistance option to full self-driving supervision and added a disclaimer term at the end.

meanwhile, several rivals in the self-driving car industry have begun producing self-driving taxis and operating commercial self-driving taxi services. competitors include alphabet's waymo in the u.s. and pony.ai and baidu in china. zoox, owned by amazon, is also preparing to launch a commercial robot taxi service in the united states.

tesla brand erosion

some customers have become less interested in buying tesla vehicles due to the brand's strong association with musk.

according to civicscience, both liberal and conservative consumers' favorability towards tesla declined in july. in july, democrats' favorability of tesla dropped to 18% from 39% in january, and republicans' favorability of tesla dropped to 22% from 36% in january.

musk, who is also the head of spacex, x and xai, has long made provocative posts on social media, but in recent years he has become less reserved and more outspoken about his right-wing politics online belief.

in july, he publicly supported former president donald trump and frequently posted tirades on x about illegal immigration, election fraud, crime, violence and other hot-button issues.

according to reports from the associated press, cnn, nbc news, the new york times and other media, he shared political misinformation and deep fake content with a large number of fans on twitter x.

according to analysis by the washington post, before musk acquired twitter (now called twitter x), his tweets mainly focused on tesla and spacex.

some of musk's recent posts on x are false accusations that haitian immigrants in springfield, ohio, are eating people's pets. the springfield police department, ohio gov. mike dewine and other local organizations have said the accusations are baseless.

it remains to be seen whether left-wing customers' views of musk will affect deliveries this year. in the united states, democrats have more favorable views of electric vehicles and are more likely than republicans to buy one, the pew research center found.