Below are some excerpts from the Q2 earnings call with regard to the Q3 guidance on the plant shutdowns. As you can see, they are purposely vague (I'm sure they really didn't know exactly). They do tend to lean towards it being a reduction, but phrases like "slight decrease", "not profound reduction", and "Hopefully, it's quite small" probably helped to set an expectation of, let's call it, a 2 or maybe 3% reduction (although again, no number was mentioned). Instead, we are seeing predictions of closer to 5%...that's a material drop. Will it matter in the long run or heck, maybe even for the year if Q4 is decent? Probably not. Will it matter to the stock price for the rest of this year? Um, yeah. Hold on to your butts.
Elon Musk
"We continue to target 1.8 million vehicle deliveries this year, although we expect that Q3 production will be a little bit down because we've got some shutdowns to for -- a lot of factory upgrades. So, just probably a slight decrease in production in Q3 for sort of global factory upgrades."
Mark Delaney -- Goldman Sachs -- Analyst
"Yep. Yeah. Thank you very much for all the details on that. You know, maybe you could put a finer point on the downtime impact that you both -- you spoke about in your prepared comments in terms of production impact and then also to what extent there's a margin impact from those factory upgrades that you're planning this quarter.
Thank you."
Zachary Kirkhorn -- Chief Financial Officer
"Yeah, the downtime -- you know, we don't know exactly the number of cars impacted because, you know, kind of the way that we go into downtime windows for upgrades is, you know, we set aside a period of time, but then the team is challenged to go as quickly as possible so that we can get the factories up and running again and minimize that. So, it's not -- it's not profound reduction, you know. Hopefully, it's quite small."
Elon Musk -- Chief Executive Officer and Product Architect
"Yeah, I think we're getting too much into the weeds here. I mean, like we're asking for a level of precision that is not possible to answer. So, let's move on."