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After an inside look at Tesla's Model 3 factory, one analyst says producing 8,000 cars a week is possiblehttps://www.cnbc.com/2018/08/16/analyst-great-teslas-model-3-facility-despite-musk-controversy.html snip Tesla seems well on the way to achieving a steady weekly production rate of 5,000 to 6,000 units per week," Evercore ISI says. ……………… "We are incrementally positive on Tesla following our visit. We have confidence in their production. We did not see anything to suggest that Model 3 cannot reach 6,000 units per week, and 7,000 to 8,000 with very little incremental capital expenditure." The numbers appear so good, Galliers said, that the brokerage's current Model 3 production estimates for the second half of the year may be as much as 7 percent too low. ………………… "Focusing on the fundamentals and setting aside talk of privatization, we are incrementally positive on Tesla following our visit," the analyst said in the note Thursday. ………………… Evercore has an inline rating on Tesla's shares and a $301 price target; the stock closed Wednesday at $338.69 and was up down about 1 percent in early trading Thursday. The analyst said he would consider moving his target price and earnings forecasts higher only after making material adjustments to his Model 3 revenue per unit (RpU) and gross margin assumptions. The "key questions" remaining are whether Tesla can sustain current RpU through 2019 and can hold a 25 percent gross margin. |
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Msg # | Subject | Author | Recs | Date Posted |
877 | Re: After an inside look at Tesla's Model 3 factory, one analyst says producing 8,000 cars a week is possible | nipper_dog99 | 0 | 8/21/2018 4:49:51 PM |
897 | Re: After an inside look at Tesla's Model 3 factory, one analyst says producing 8,000 cars a week is possible | andrwlp | 0 | 9/28/2018 4:18:38 PM |
911 | Re: After an inside look at Tesla's Model 3 factory, one analyst says producing 8,000 cars a week is possible | mo_strategist | 0 | 10/6/2018 1:27:49 PM |