Barclays Forecasts 465,000 Tesla (TSLA) Deliveries in Q3, Above Consensus

Core Viewpoint - Tesla, Inc. is highlighted as a key AI stock to monitor, with Barclays raising its third-quarter delivery forecast and maintaining an Equal Weight rating with a price target of $275.00 [1] Delivery Forecast - Barclays estimates Tesla will deliver approximately 465,000 vehicles in Q3, exceeding the consensus estimate of around 430,000 units [1] - The company's inventory is projected to decrease by 20,000 units quarter-over-quarter, resulting in a total inventory of approximately 110,000-120,000 vehicles [2] Market Dynamics - The increase in deliveries is attributed to strong sales data and accelerated U.S. sales ahead of the expiration of the federal electric vehicle tax credit [3] - Despite the positive near-term delivery outlook, there are concerns regarding a potential decline in EV demand in the U.S. market post-tax credit expiration, which may affect the volume outlook for Q4 and beyond [3] Company Overview - Tesla operates in the automotive and clean energy sectors, utilizing advanced artificial intelligence in its autonomous driving technology and robotics initiatives [4]