Based on recent news about R* trying to acquire music rights for the game, we can assume the game is basically done, because the world and its narrative are set, so they have all the information they need to pick music for that world.
Maybe I'm optimistic, but I believe this puts us in good shape for a late 2025 release. They will want around a year between trailer 2 and the actual release date, so I'm hoping for something in the next three months; TGA is on December 12, so around then like last time could make sense as
@Shivam points out.
For context, GTA 5 trailer 2 and RDR 2 trailer 2 both dropped a year before final release; even though RDR 2 trailer 2 gave a Spring 2018 release date, it dropped around a year before the actual release date of October 2018.