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Analyst Says Tesla’s Q4 Is A ‘Trophy Case’ Quarter, Why He Thinks Momentum Building Into 2022 – Tesla Motors (TSLA)



Tesla, Inc. (NASDAQ:TSLA) on Sunday reported file deliveries for the fourth quarter in addition to for the full-year 2021.

The Tesla Analyst: Wedbush analyst Daniel Ives maintained an Outperform score and $1,400 worth goal on Tesla shares, with the bull-case worth goal at $1,800.

The Tesla Thesis: Tesla’s fourth-quarter deliveries of 309,000 models, exceeded the Road consensus of 266,000 and the bull-case whisper numbers within the 275,000 vary, analyst Ives mentioned in a observe. The energy, based on the analyst, was pushed by sturdy Mannequin 3/Y gross sales of 297,000 in comparison with the consensus of 252,000 models. Mannequin S/X deliveries of 12,000 trailed the consensus estimate of 13,000, the analyst mentioned.

Manufacturing was at 306,000 models, about 20,000 forward of Wedbush’s estimate, Ives mentioned.

“This was a “trophy case” quarter for Musk & Co. with huge momentum shifting into 2022,” the analyst wrote within the observe.

Associated Hyperlink: EV 12 months In Overview: 5 Winners And 5 Losers From The EV Area In 2021

With the chip scarcity a main overhang on the auto house and logistical points globally, the fourth-quarter deliveries had been “jaw dropping,” the analyst mentioned. The numbers additionally sign that the EV demand trajectory for Tesla seems sturdy heading into 2022, he added.

Ives estimates that Tesla might have delivered roughly 200,000 automobiles in December alone. China demand, the analyst mentioned, was a standout within the fourth quarter.

Tesla continues to dominate market share, as evidenced once more this quarter whereas battling by the chip scarcity, Ives mentioned. Now, the corporate is seeing China demand step up massive time after dealing with headwinds earlier in 2021, he added.

Tesla Value Motion: Tesla shares closed Friday’s session down 1.27% at $1,056.78, though they tacked on 0.55% in after-hours buying and selling.

Associated Hyperlink: China to Reduce EV Subsidies By 30% In 2022: What That Means For Tesla, Nio, XPeng And Others

Photograph: Courtesy of tesla.com

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