Tesla released a lot of news on Friday. The electric car pioneer posted healthy quarterly deliveries growth, more than double the total deliveries in the first quarter of 2020.
Investors have been vigilant about these numbers, not because of demand or competition, but because of global automotive chip shortages. Their worries have been exaggerated, and Tesla’s (Stock Code: TSLA) stock should rise on Monday. American markets are closed on Good Friday.
Tesla delivered about 185,000 vehicles in the first quarter, and delivered 181,000 vehicles in the fourth quarter of 2020, and delivered about 88,000 vehicles in the first quarter of 2020. A year-on-year increase of more than 100%.
Wall Street estimates range from about 162,000 to about 172,000. It is estimated that there are more than 180,000 deliveries, mainly due to chip shortages.
Tesla did not mention the shortage of chips in the report. But it does point out that the Model Y has already been received in China. The company started producing Y in China a few months ago. .
This result makes Tesla expected to achieve the Wall Street consensus of about 800,000 cars in 2021, a year-on-year increase of about 60%. Tesla did not provide delivery guidance for 2021, but did not set an average annual delivery growth rate of 50% in the foreseeable future.
Tesla’s stock price rose by about 7% last week. The company’s shares fell 0.9% on Thursday to $661.75.This
Added about 1%,
Dow Jones Industrial Average
So far, the stock is still down about 6% so far, down about 26% from its 52-week high. Higher interest rates hurt many high-growth stocks.
The impact of high interest rates on high-growth stocks mainly comes from two aspects. First, it makes financing growth more expensive. Second, high-growth companies will generate most of the cash flow for a long time to come. Relatively speaking, when investors can choose to earn more interest from their capital today, the value is less.
With the number of deliveries on the bill, investors will look forward to first-quarter earnings in late April. Analysts expect its earnings per share to be approximately 70 cents. It is estimated that about nickel has fallen from the recent high. The delivery result should make the 70-cent figure easier to hit.