Tesla on track for “monstrous” Q4 Sales: Global Equities Research
$Tesla (TSLA.US)$ The article revealed that the demand for the Tesla Model S seems to be increasing, with the analyst stating that the third quarter may represent the highest quarterly sales of the Model S Plaid to date.
"We continue to target 1.8 million vehicle deliveries this year, although we expect that Q3 production will be a little bit down because we’ve got some shutdowns to for — a lot of factory upgrades. So, just probably a slight decrease in production in Q3 for sort of global factory upgrades,” Elon Musk said.
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With the third quarter ending in a few days, Tesla analysts are sharing their expectations for the fourth quarter. Tesla has high targets for 2023, and for Global Equities Research analyst Trip Chowdhry, the electric vehicle maker is on track for a blockbuster fourth quarter.
Tesla is hoping to produce and sell about 1.8 million vehicles in 2023, though CEO Elon Musk has hinted that the company could end the year with a capacity of 2 million vehicles. To accomplish this, Tesla would need to finish the third quarter on a strong note and complete the fourth quarter with record numbers.
As noted in a Street Insider report, Chowdhry noted that he is expecting a “monstrous” Q4 from the electric vehicle maker. The analyst also reiterated an “Overweight” rating and a $350 price target for Tesla. Chowdhry provided a number of key comments based on his observations of the company.
As per the analyst, the Fremont Factory’s shutdown in the third quarter seemed to be shorter than expected. For context, CEO Elon Musk noted during the second quarter earnings call that Tesla’s production in Q3 would be a little down due to “a lot of factory upgrades.”
As per the analyst, the Fremont Factory’s shutdown in the third quarter seemed to be shorter than expected. For context, CEO Elon Musk noted during the second quarter earnings call that Tesla’s production in Q3 would be a little down due to “a lot of factory upgrades.”
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Divided Sky : Someone will be along soon to post something negative
ZnWC OP Divided Sky : Share my link to someone post so everyone can compare and contrast.
skywalker74 : this said person is likely to be paid to spread FUD and negativity on tesla. its actually very obvious . everyday he post negative news on tesla. such a miserable and low life
ZnWC OP skywalker74 : That said someone cannot tolerate opposing view - positive news about Tesla. The best way to deal with such people is to let everyone hears both side of the story to compare and contrast. This is what he is afraid of.