Tesla, Inc. (TSLA.US) may achieve record deliveries in Q4, can this add fuel to its upward momentum?

As the fourth quarter comes to an end, Tesla, Inc. (TSLA.US) is attempting to break its previous delivery records. A Barclays report on Monday estimated Tesla, Inc.'s total deliveries for the fourth quarter to be 515,000 vehicles, achieving a year-on-year growth compared to 2023 of 1.8 million vehicles, which will "maintain the strong momentum in the stock market." Tesla, Inc.'s stock price rose 2.3% on Monday. However, analysts believe whether this is enough to drive the company to achieve annual shipment growth remains to be seen, and investors' limited focus on the fundamentals of the stock may have a significant impact on Q4 deliveries falling below expectations. The company stated that investors have limited overall focus on the fundamentals of Tesla, Inc. stock, and a slight decline in short-term trading volume "might not impact" the upward trend of Tesla, Inc., driven by President-elect Donald Trump, self-driving cars, and artificial intelligence. Meanwhile, Barclays also wrote that Tesla, Inc.'s fourth-quarter performance may not be "important for the key factors supporting the bull market for Tesla, Inc.". After falling 3.5% last week, Tesla, Inc.'s stock price rose 2.3% to $430.60 on Monday. Since Trump won the election, Tesla, Inc.'s stock price has risen 70%, with investors speculating that as the Trump administration relaxes regulations on autonomous vehicles, self-driving cars will arrive soon. On Wednesday, Tesla, Inc.'s stock price fell 8.3% to $440.13, hitting a historical high of $488.54 during the trading session. Despite the drop in stock price last week, Tesla, Inc.'s stock price is still above the 21-day line and 50-day moving average. The stock price is still in a significant upward trend and may enter a consolidation phase. Barclays PLC Sponsored ADR analysts wrote on December 18 that the rise in Tesla, Inc.'s stock price after the election reflects a "serious disconnect" between its performance and the company's fundamentals. Technical indicators and options played a significant role in the uptrend, and now comparing Tesla, Inc.'s stock with cryptocurrency is most appropriate. Tesla, Inc.'s Q4 Delivery Volume The electric car giant previously stated that it expects a "slight" increase in car deliveries this year, but with the fourth quarter coming to an end, Tesla, Inc. is currently busy finding solutions due to lagging sales in the US and Europe. The company expects car deliveries to increase by 38% to 1.8 million vehicles in 2023. Although Tesla, Inc. stated that this year's growth is out of reach, the company still expects growth in its automotive business in the future. The company stated in its third-quarter report: "Despite continued deterioration in the macroeconomic situation, we expect a slight increase in car deliveries by 2024." Looking ahead, Tesla, Inc. CEO Elon Musk announced during the third-quarter earnings call that car sales will grow by "20%-30%" by 2025. Tesla, Inc. expects a slight increase in car deliveries in 2024, with deliveries of 1.81 million vehicles in 2023. The electric car giant needs to deliver 514,925 vehicles in the fourth quarter, well above the record 484,507 vehicles set in the fourth quarter of 2023. According to FactSet data, analysts currently predict fourth-quarter car deliveries of 498,000 vehicles and 1.79 million vehicles in 2024. Tesla, Inc. Stock Performance On December 11, Tesla, Inc.'s stock price hit a historical new high of $414.50, set on November 4, 2021. According to MarketSurge charts, the last time the stock hit 400 points was in January 2022. In recent weeks, Tesla, Inc.'s stock price has surged, in part due to expectations of the eventual arrival of self-driving cars. On November 8, Tesla, Inc. broke the $1 trillion mark for the first time in two years. On November 6, Tesla, Inc.'s stock price broke the alternative buying point of $273.54, but quickly rebounded. On December 5, Tesla, Inc.'s stock price surged 3.2% to $369.49, breaking through the recent range, providing existing shareholders with an additional entry opportunity.