Royal Bank of Canada: Tesla's fourth-quarter deliveries are ...

$Tesla (TSLA.US)$ Royal Bank of Canada expects Tesla (TSLA.O) deliveries in the fourth quarter to increase by 58% year-on-year to 285,000 vehicles, which is higher than the Visible Alpha consensus of approximately 265,700 vehicles. The bank had previously expected deliveries of 262,500 vehicles. Royal Bank of Canada predicts that Tesla will deliver 273,000 Model 3/Y and 12,500 Model S/X in the fourth quarter by vehicle model; and by region, the US market will deliver 107.5 million vehicles and the Chinese market The delivery volume is about 100,000 vehicles, and the European market delivery volume is 59,000 vehicles. In addition, the bank predicts that Tesla will maintain a high mid-term growth rate of about 50% in 2022. The bank stated that the above expectations are more based on Tesla's capacity expansion and supply rate rather than demand.

Article excerpted from the US Stock Research Agency