Part 3/8:
While Ives remains optimistic, he also cautioned about the nuances in recent data. Despite the positive outlook, Tesla’s delivery figures are still down roughly 6% year-over-year. The recent pickup before tax credits expired may have provided a temporary boost, but the broader picture remains complex.
International markets, particularly China, are expected to be pivotal in Tesla’s recovery and growth. Ives highlighted that Chinese data shows signs of stabilization moving into next year, with quarterly production expected to reach around 550,000 vehicles. This bodes well for Tesla’s global expansion, especially since China remains a critical growth engine for the company.