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Tesla Plans A Big Fourth Quarter. Here's How It's Going To Do It
A big reason Tesla stock jumped 22% after reporting third-quarter earnings can be summed up in one word: growth.Along with better-than-expected profit margins, Tesla indicated it expects to grow vehicle deliveries in 2024 compared with 2023. That implies about 515,000 deliveries in the fourth quarter, a record and about 25,000 better than Wall Street was projecting, according to FactSet.It's a big number for the final quarter of the year. One thing Tesla will use to achieve the record is deals for car buyers.Over the weekend, Tesla extended its 0% financing offer for some qualifying purchases in China. Earlier discounts have helped. Tesla sold about 182,000 vehicles in China in the third quarter, a quarterly record for the company in that country and up about 66% year over year.Tesla has 0% financing offers in the U.S. too. It sold about 167,000 EVs to Americans in the third quarter, up about 7% year over year.
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