Tesla (NASDAQ:TSLA) may need achieved record-setting automobile deliveries within the fourth quarter of 2021, however a longtime TSLA bull not too long ago famous that the corporate’s numbers this Q1 2022 would seemingly be even higher. 

Following his newest spherical of manufacturing facility checks, World Equities Analysis analyst Journey Chowdhry weighed in on the corporate’s present state. Based on the analyst, the corporate’s manufacturing, delivery, and supply momentum are presently “extraordinarily strong,” with supply exercise within the firm being a lot stronger than the earlier quarter. 

Chowdhry additionally estimated that Tesla Mannequin S Plaid deliveries appear to be up about 15%. This could profit Tesla’s funds this primary quarter, contemplating that the automobile, a $130,000 all-electric automotive, has excessive margins. With this in thoughts, the World Equities Analysis analyst reiterated his $1,500 per share worth goal on TSLA, in addition to his “Chubby” score. 

Indicators that Tesla’s Q1 2022 efficiency can be spectacular could possibly be hinted at in latest studies from each the Fremont Manufacturing unit and Gigafactory Shanghai. Chowdhry’s latest manufacturing facility checks apart, footage from Shanghai taken final month indicated that Tesla China is placing the pedal to the steel on the subject of exporting the Mannequin 3 and Mannequin Y. 

That being mentioned, Tesla CEO Elon Musk additionally warned throughout the firm’s This fall and FY 2021 earnings name that the chip scarcity remains to be one thing that must be handled this 12 months. Regardless of this, Tesla remains to be seeking to obtain over 50% progress in automobile deliveries this 2022. 

“In 2022, provide chain will proceed to be the elemental limiter of output throughout all factories. So, the chip scarcity, whereas higher than final 12 months, remains to be a difficulty. And sure, in order that’s — there are a number of provide chain challenges. And final 12 months was tough to foretell and hopefully, this 12 months will probably be clean crusing, however I’m undecided what you do for an encore to 2021, 2020. Nonetheless, we do anticipate important progress in 2022 over 2021, comfortably above 50% progress in 2022,” Musk mentioned. 

Disclaimer: I’m lengthy TSLA.

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Tesla’s delivery momentum for Q1 2022 is far stronger than This fall 2021: analyst