We think model Y will be the best-selling car, or vehicle, in the world - probably next year.” The company claims that it is on track to “demonstrating that an electric vehicle can be a category leader and outsell its gas-powered counterparts.” That translates into annualized rates of half a million per year. Musk added, “Over the past couple of quarters we delivered roughly a quarter-million Model 3s. Interestingly Tesla managed to accomplish that without making any more Model S or X over that time.” Musk said in the call, “We achieved our highest ever vehicle production and deliveries, the company announced during its quarterly investor call. The average analyst target price is about $928 a share, down about 15% from recent levels.Following a successful year of solid electric vehicle sales in 2020, Tesla has once again posted another quarter of record vehicle sales in Q1 of 2021. The average Buy-rating ratio for stocks in the S&P 500 is about 58%. Overall, almost half of the analysts covering Tesla stock rate shares Buy. Ferragu’s target price is $1,580 a share. Levy has a $1,025 price target for Tesla stock.
Covid-19 “flare ups” in China are partly to blame, according to both analysts.īoth still rate Tesla shares Buy. New Street Research analyst Pierre Ferragu wrote Tuesday that first-quarter deliveries will “be at best in line with consensus.” And Credit Suisse analyst Dan Levy believes Tesla will deliver about 307,000 vehicles in the first quarter, down from the fourth-quarter result. Not everyone is as bullish about deliveries as those two. Spak rates Tesla shares Hold and has a $1,045 price target for the stock.
#Tesla q1 deliveries 2021 download
That estimate was up from his prior number of roughly 316,000 vehicles, and the increase was based on factors such as “ checks, regionally reported data, and app download data.”
Spak wrote on Monday that he expects Tesla to deliver about 325,500 units in the first quarter. Ives, who rates Tesla share Buy and has a $1,400 price target, didn’t publish his delivery estimate in his Friday report.īut RBC analyst Joseph Spak sounds as bullish as Ives and has a number investors can focus on. Purchase incentives were cut about 30% to start the year, creating a rush to buy in the final months of 2021.Ī number well ahead of expectations, as Ives points out, might imply that deliveries come in north of 320,000. The Lunar New Year holiday affects first-quarter results, but so do falling purchase incentives for electric vehicles in China. (LI), combined, are expected to fall in the first quarter compared with the fourth quarter, to about 91,000 vehicles from about 102,000 vehicles. The Chinese strength might surprise investors. “China and Europe in particular are tracking at least 15%+ ahead of Street estimates.” Wedbush analyst Dan Ives wrote Friday that first-quarter deliveries are tracking ahead of Street expectations. The rally has left Tesla stock up about 3% year to date, better than the 4% comparable drops of both theĪnd far better than the 25% and 20% respective drops of (ticker: TSLA) shares were up 43% from March lows, set right before the Federal Reserve raised short-term interest rates. If he is right, it would mean that it could take a little more than hitting the range of 310,000 to 320,000 Wall Street more generally has penciled in to keep the stock rising. Buy-side is Wall Street jargon for investors, who essentially buy the research Jonas produces. Morgan Stanley analyst Adam Jonas wrote Tuesday that he believes the “Buy-side consensus” is roughly 322,000 vehicles. An increase of a few thousand units might not sound like much, but amid new Covid-19 restrictions and a persistent parts shortage, any increase could be enough to maintain recent momentum in the stock.
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