Tesla reported that it delivered 184,800 vehicles in the first quarter, 7% higher than the 172,230 vehicles expected by FactSet analysts on average. Despite the decline in the Model S and Model X production lines due to Tesla’s efforts to update the two cars, Tesla was still able to grow by 2% quarterly to 109% last year, setting a new quarterly record.
When stocks start trading on Monday, how will the market react to Tesla’s numbers? So far, the reception situation has been positive.
Soon after the figures were released, Jim Kramer A tweet responded that TSLA stock “should rise to $1
Gene Munster The team at Loup Ventures shared his views on the Tesla report on Twitter-“Given the headwinds in March, this number is impressive [to] Buyers are delayed due to the upcoming EV points and S&X updates. “
“We are encouraged by the strong welcome of the Model Y in China, and are rapidly developing into full capacity production. The new Model S and Model X have also received special praise. New equipment has been installed and tested in the first quarter. We are now It is in the early stages of production.” Tesla pointed out in a press release.
According to estimates compiled by the company, before Friday’s release, analysts expected Tesla to deliver 831,000 this year. In order to deliver approximately 185,000 Teslas in the first quarter, Tesla will need to deliver 646,000 vehicles in the next four quarters (approximately 215,000 vehicles per quarter) to meet Wall Street’s expectations.
Rumor has it that Tesla has greater ambitions. The details of the company’s phone leak indicate that Tesla may achieve its delivery target of 1 million vehicles in 2021.
Pierre Ferragu An analyst at New Street Research is optimistic about the stock, but expects that the delivery volume will miss the market consensus. He pointed out: “One thing we might make mistakes is: China and Fremont’s Model Y Put it on the market. This will also help 2Q21 perform well and bring close to one million deliveries throughout the year!”
Analysts are expected to continue to weigh in early next week, as investors are preparing for Tesla’s first quarter earnings report, which may be scheduled after the market closes on Wednesday, April 21.
Disclosure: Rob Maurer is a long-term stock and derivative product of TSLA.