According to two analysts, electric carmaker Tesla should be able to reach its goal of 500,000 deliveries for 2020.
Wedbush analyst Daniel Ives wrote in a commentary that Tesla’s 180,000 for 4Q is “line in the sand”, and with the underlying strength in China as well as a late push in Europe and the U.S., 190,000-200,000 is “well within reach”. This could enable Tesla to achieve its 500,000 delivery for the year.
Ives maintained his neutral rating on Tesla with a $715 price target.
Credit Suisse analyst Dan Levy expects 183,000 deliveries for this quarter (above what he views as the sell-side consensus of 163,000 and the probable buy-side consensus for 175,000 to 180,000 deliveries). That would allow Tesla to reach 502,000 deliveries for the year.
Levy has a neutral rating and a $400 price target on Tesla shares.