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Tesla’s (TSLA) strong delivery expectations boosted stock price



Tesla’s stock price (TSLA) continues to rise because people are trying to figure out whether Tesla can reach its delivery target with only a few days left in the quarter.

An analyst is raising expectations.

As we have been reporting in the past few weeks, Tesla’s goal is to deliver a record number of vehicles during the quarter to achieve 500,000 deliveries in 2020, which is the long-term goal of the automaker.

In order to achieve this milestone, Tesla must deliver more than 181,000 vehicles during the quarter. This is 40,000 more than the previous quarter’s delivery record just reached in the previous quarter.

In a new report to customers on Wednesday, Wedbush analyst Dan Ives said that he believes Tesla will deliver between 1

90,000 and 200,000 vehicles in the fourth quarter:

“Based on our preliminary analysis of Tesla’s demand and global delivery trajectory in the fourth quarter, Musk may easily exceed Wall Street and internal expectations.”

This undoubtedly raises expectations, because many people even have questions about whether Tesla will achieve its goal of about 181,000 vehicles.

Last weekend, we reported in an email from Tesla CEO Elon Musk to employees that Tesla could still achieve the 500,000 car milestone by 2020, but they only need “Go all out” in a few days. year.

Looking forward to the next few years, Ives is optimistic about Tesla’s business in China:

“We believe that this demand dynamic will particularly benefit Tesla, the leader in the electric vehicle field, in the next few years, especially in the key Chinese region. Given the current rapid pace of sales, we believe this It accounts for 40% of total electric vehicle sales.”

The analyst believes that Tesla may increase from 500,000 vehicles delivered in 2020 to 1 million in 2022.

Wedbush’s price target for Tesla is $715, one of Wall Street’s highest targets.

Tesla’s share price rose 2% today to around US$680 per share, slightly lower than its all-time high of US$695 per share.

How many cars do you think Tesla will deliver in the fourth quarter of 2020? Let us know in the comments section below.

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