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Tesla is preparing to release its highly anticipated third quarter delivery report at the end of the week, putting fresh attention on the electric vehicle maker’s sales performance. The report follows another delay involving the company’s long awaited Roadster reveal.

Wall Street expects Tesla to report Q3 deliveries of 463,000 vehicles, according to the Bloomberg consensus. That figure would mark a sequential decline from Q2 and a 6.8% drop from the 497,000 units delivered during the same quarter a year ago.

JPMorgan has a higher estimate than the broader consensus, though the firm lowered its own Q3 forecast to 482,000 vehicles. The adjustment cited weakness in China and the United States, two markets that figure prominently in the company’s quarterly delivery picture.

The comparison with last year presents a meaningful hurdle. Tesla’s previous Q3 report included the final United States electric vehicle sales completed while the $7,500 federal tax credit remained available, giving customers a financial reason to complete purchases during that period.

The expected decline could have been larger, according to the report. Tesla appears to have gained additional market share in the United States electric vehicle market, while its sales performance in Europe has improved and Giga Shanghai has exported more vehicles to other markets.

JPMorgan analyst Rajat Gupta described an uneven picture across major European countries. “Overall EU registrations tracked ~-9% y/y, with strength in France and Germany, offset by declines in the UK, Italy, and Spain,” Gupta wrote in a note to clients.

China also showed a sharp divide between exports and domestic demand. “In China, July-August wholesale volumes, including exports, increased +19% y/y, comprising exports up +92% y/y while domestic retail sales are estimated to have declined -21% y/y.”

Those regional results leave Wall Street watching whether stronger exports and gains in selected European markets can soften weakness elsewhere. Tesla’s delivery report is likely to be released Friday, giving investors a fresh measure of vehicle demand across the company’s markets.

The delivery figures will arrive shortly after Tesla postponed its Roadster reveal, which had originally been scheduled for Oct. 1. The company attributed the decision to severe weather conditions and said the event could only take place outdoors.

“We've been tracking the weather closely with local meteorologists, but given the severe conditions predicted & because this event can only be held outdoors, we've made the difficult decision to reschedule,” the company said in an X post, adding that the new date would be Oct. 15.

The two week postponement caught many observers off guard. It also extended the wait for a vehicle that Tesla first presented years ago and that has already moved far beyond its originally stated delivery schedule.

The Information reported several weeks before the postponement that the Roadster event could feature a demonstration of a limited edition version. That vehicle was reported to use cold gas thrusters developed in collaboration with SpaceX.

According to the report, the equipment could potentially enable some form of hovering or flying capability. A demonstration involving that technology would likely require an outdoor setting, consistent with Tesla’s explanation that the event could not simply be moved indoors.

Tesla announced the Roadster’s successor in 2017 and accepted reservations that required high deposits. The company originally said deliveries would begin in 2020, but those initial reservation holders have continued waiting as the program’s timeline stretched well beyond that target.

They must now wait another two weeks for the reveal, while Wall Street first turns its attention to the Q3 delivery release. The report will show how Tesla performed against expectations of a sequential decline and a 6.8% annual drop in vehicle deliveries.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.