— Finance

Tesla’s Delivery Numbers Are Always a Big Deal. The Stakes Are Higher Now.

1 Mins read


Stock in the electric-vehicle company has taken a beating, even as the entire auto industry has been hit by a shortage of semiconductors cut into production. Upbeat news about deliveries could halt Tesla shares’ recent decline of nearly 30%, while auto investors, in general, will be eager to see how the chip shortage has hit output at Elon Musk.

The delivery figures are always critical because EV stocks are all about growth, the expanding sales that underpin the valuations of all EV companies. Analysts expect Tesla to increase its deliveries by roughly 60% in 2021, while management targets 50% average annual sales volumes for the foreseeable future.

According to FactSet, Wall Street expects Tesla’s (ticker: TSLA) first-quarter deliveries to come in at about 162,000 vehicles. That is down from a peak estimate of about 182,000 cars in January when Tesla reported its fourth-quarter numbers.

Tesla delivered about 181,000 vehicles in the fourth quarter of 2020 and nearly 500,000 vehicles for the entire year. In 2021, analysts project, Tesla will provide approximately 800,000 cars. That estimate hasn’t come down as much as expectations for first-quarter deliveries. Full-year 2021 forecasts are down by about 9,000 vehicles from their peak. At the same time, first-quarter estimates have fallen by closer to 20,000 units. Demand for electric cars isn’t the issue. The question is how badly the microchip shortage will hurt Tesla.

683 posts

About author
Tristan McCue is a 26-year-old junior programmer who enjoys reading, binge-watching boxed sets, and appearing in the background on TV. He is smart and friendly, but can also be very evil and a bit lazy.He is an Australian Christian. He has a post-graduate degree in computing.
Related posts
— Finance

Acura Finance Customer Service - How to Contact Acura for a Complaint

7 Mins read
Acura Finance Customer Service – Have you ever had a question about your car that you could not find an answer to…
— Finance

How to Stop Eye Pain from Computer Use

4 Mins read
A study from the University of California San Francisco suggests reducing eye strain caused by looking at a computer screen. The findings…
— Finance

Dow Jones Futures: How To Handle The Market Rally; Elon Musk Ready To Sell 10% Of His Tesla Stock

1 Mins read
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to press…
Get All Latest Blog Direct In Your Website

Leave a Reply

Your email address will not be published.