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Home / Business / Update: Due to the strength of China, the late promotion of Europe and the United States, Tesla will deliver 500,000 vehicles by 2020: Wedbush

Update: Due to the strength of China, the late promotion of Europe and the United States, Tesla will deliver 500,000 vehicles by 2020: Wedbush



Tesla Inc. TSLA,
+ 0.35%
Wedbush analyst Dan Ives may achieve its goal of delivering 500,000 cars in 2020, and this goal does not go back to the end of spring/early summer by Wall Street analysts, thanks to the strength of China and the late push of the European and American markets. Released on Wednesday Reads in the note. Ives wrote: “Based on our preliminary analysis of Tesla’s demand and global delivery trajectory in the fourth quarter, Musk is likely to easily exceed Wall Street and internal expectations.”

; Analysts expect delivery in the fourth quarter. The amount will be closer to 190,000 to 200,000 than the 180,000 he called the “Sand Middle Line”.Ives wrote: “Entering the end of the year and 2021, we will see major changes in global electric vehicle demand. We expect electric vehicles to grow from 3% of the current total car sales to 10% in 2025.” “We It is believed that this demand dynamic will enable Tesla, the leader in the electric vehicle field, to obtain disproportionate benefits in the next few years, especially in the key Chinese region. Given the current rapid sales pace, we believe that by 2022, this will It accounts for 40% of the total sales of electric vehicles.” Ives predicts that by 2021 and 2022, China’s demand will be greatly reduced, and said that Tesla’s flagship Giga 3 footprint is the main competitive advantage, because BYD, Nigeria Austrian companies,
Xpeng XPEV,
+ 9.31%
And Li Auto Inc. LI,
+6.15%,
Also “ignite on all cylinders.” He wrote: “If China continues to follow Tesla’s status quo, by 2022, Musk’s global delivery volume will reach 1 million vehicles (currently, we are simulating the timetable for 2023).” Another one The boost can be sent under the management of President-elect Biden to increase EV credits, he said. Wedbush rated Tesla’s stock as neutral and set its 12-month price target at $715 and the bull market at $1,000. Tesla’s share price reversed its pre-IPO loss, rising by 1.1% and rising by 696% in 2020, while the S&P 500 SPX,
-0.22%
An increase of 15%.


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