### Tesla Q3 Earnings Preview: Analyst Predicts Robust Delivery Targets for 2024 and 2025

As Tesla Inc. gears up to release its third-quarter financial results, an analyst focuses on the electric vehicle maker's demand and profit margins as vital metrics to watch. Daniel Ives, a Wedbush analyst, remains optimistic about Tesla reaching 1.8 million vehicle deliveries in 2024 and surpassing 2 million units in 2025.

Ives, who reiterated an "Outperform" rating on Tesla with a $300 price target, anticipates that Tesla CEO Elon Musk will discuss the demand landscape for the fourth quarter of 2023 and the outlook for 2025 during the earnings call. Additionally, Ives expects Musk to provide clarity on the company's Full Self-Driving (FSD) and Cybercab strategies, following the Robotaxi Day event that left many wanting more information on Tesla's broader autonomous and AI strategies.

Investors are particularly eager to hear updates regarding Tesla's anticipated sub-$30,000 vehicle, which Ives believes will be launched in mid-2025. This topic, he suggests, could be a focal point during the upcoming earnings call.

The analyst projects that Tesla's third-quarter headline numbers will generally meet expectations, with a modest upside likely in profit margins. "We anticipate that margins could show signs of stabilizing, which is crucial given previous pricing adjustments," said Ives. He emphasized the importance of this metric improving steadily throughout the rest of 2023 to reassure investors that better profitability lies ahead in 2025.

Strength in the Chinese market and Tesla's evolving AI strategy are other critical factors that could bolster the company's bullish outlook. Tesla's stock, currently trading at $217.36, has seen a 12% decline year-to-date in 2024, indicating that the market will closely scrutinize the earnings report for signs of future growth.