Tesla's compilation of analyst delivery estimates shows 15% drop in Q4

Investing.com -- Tesla Inc. on Tuesday published on its website a compilation of analyst estimates for vehicle deliveries, with the company’s own projections falling far short of what other similar calculations show.

According to Tesla’s count, analysts on average expect the company to deliver 422,850 cars in the fourth quarter, representing a 15% decline from the same period last year. This figure is notably lower than the Bloomberg-compiled average of 445,061 vehicles, which indicates a 10% drop.

While Tesla’s investor relations team has been compiling average delivery estimates for years, this marks the first time the company has shared these figures on its investor relations page.

The electric vehicle maker appears to be heading toward its second consecutive annual decline in vehicle sales. The company has compiled an average estimate for 1.6 million deliveries for the full year, down more than 8% compared to last year.

Despite the vehicle sales slump, Tesla’s stock is on track to end the year with gains. The shares were up 14% through Monday’s close, though this performance trails behind the S&P 500 Index’s 17% rise during the same period.

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