Tesla Broke 2 Important Quarterly Records In Q1
to say the least, with sweeping price drops and the announcement of a new gigafactory in Mexico. Through all of it, Tesla has continued to increase its sales and production, clinching two significant quarterly records in Q1.
Wall Street analysts generally estimated Tesla would have around 420,000 vehicle deliveries in the first quarter, so the automaker narrowly outperformed consensus forecasts. Additionally, Tesla’s shares were trading up over 68 percent at the end of the quarter, representing the company’s top performance in Q1 throughout its short history, with 2012’s first quarter seeing a 30.4 percent on share trading prices.
Tesla bull and Deutsche Bank analyst Emmanuel Rosner rates the automaker’s shares a “Buy,” with a $250 price target on the stock. He forecasted roughly 416,000 units. The delivery target was “reflecting still the uncertain macro environment after the price cuts, as well as competitive pricing responses in China,” Rosner said.forecasted roughly 425,000 deliveries, rating the company’s shares a “Sell” and offering a price target of $24.33 on the stock.
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