Tesla Delivery Estimate For 2015 Raised From 52,000 To 62,000 Units
According to ValueWalk, Tesla Motors share price target is reiterated by Wedbush analyst Craig Irwin at $275 from the current $233. This is after second quarter results and delivering cumulatively roughly 40,000 Model S.
To meet this year’s goal of more than 35,000 deliveries, Tesla must deliver 21,000 in the second half of the year, as in the first two quarters Tesla delivered 14,036. Because for Q3, the plan is just for 7,800 due to a production line upgrade, last quarter sales results must reach 13,000!
13,000 times 4 is 52,000 and this is probably from where Irwin’s prediction comes from:
“Wedbush: Tesla well-positioned to deliver an aggressive volume ramp”
“Irwin raised his deliveries estimate for Tesla Motors Inc (NASDAQ:TSLA) for 2015 from 52,000 units to 62,000 units as the company benefits from its new production capacity.”
By the end of the year, Tesla should easily cross the 50,000 Model S sales mark and 100,000 in the third quarter of 2015.