Tesla's Fremont factory: Here's what investors are watching as standoff ends
Tesla Inc. has wrestled a deal to reopen its sole U.S. car-making plant, with Wall Street worries moving on to possible capacity constraints and whether the company will meet longer-term goals.
Compliance and “collaborative attitude to Alameda County” is a positive for Tesla, analysts at Evercore ISI said in a note Wednesday. “Our attention turns to… ‘at what capacity will the facilities be running at by June?’” Tesla has vowed to sell more than 500,000 vehicles in 2020, a goal that even before the pandemic some analysts had considered ambitious.
It will be “extremely difficult if not impossible” for Tesla to hit the sales goal, analyst Bill Selesky with Argus Research told MarketWatch. “Our estimate is 409,000 units and we believe that’s a huge stretch.”
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