Feb. 11 (Bloomberg) -- Stock analysts examining the Tesla industry chain and Tesla's long-term bull market have judged that Tesla's first quarter deliveries this year will be much stronger than last year's top-selling fourth quarter, and the stock price is expected to grow to $1,500. As a result, Tesla is expected to open the first quarter with a bang.
If analysts' predictions are accurate and Tesla is able to overcome difficulties such as chip shortages, this will be the seventh consecutive quarterly sales record for Tesla.
In the fourth quarter of 2021, Tesla delivered 308,600 vehicles, up about 70 percent year-on-year, despite negative conditions such as a spreading wave of chip shortages and production delays at some factories last year.
In addition, Tesla is revamping the Fremont plant to boost capacity, the Berlin plant is in the pilot production phase, the Texas plant is applying for expansion and the Shanghai plant has resumed work after the holidays. When the four factories are officially put into operation, it is highly likely that Tesla sales will reach new highs again.
I. Analysts say sales will still grow in the first quarter, and the stock price may continue to grow
After the latest round of factory inspections, global equity research analyst Trip Chowdhry weighed in on the company's current status. According to the analyst, Tesla's production, shipping and delivery momentum is now "very solid," with deliveries even stronger than the previous quarter.
The analyst also estimated that deliveries of the Tesla Model S Plaid appear to be up about 15 percent. This should benefit Tesla's financial position in the first quarter, given the high profitability of the $130,000 all-electric car. The analyst reiterated his $1,500 price target on Tesla stock and a "hold" rating on the stock.
In addition to the analysts' analysis of the factory, recent news from the Fremont plant and the Shanghai super plant also suggest that Tesla is on track for record first quarter results in 2022.
It is understood that Tesla delivered 308,600 vehicles in the fourth quarter of 2021, an increase of about 70 percent year-on-year and an increase of nearly 30 percent over the last record quarter deliveries; of which, 11,750 Model S and Model X were delivered in the fourth quarter and 296,850 Model 3 and Model Y. In 2021, Tesla delivered a total of 936,000 In 2021, Tesla will deliver a cumulative total of 936,000 vehicles, an 87 percent year-over-year increase from 2020.
Musk told employees, "The supply chain will continue to be a fundamental limiting factor for production at all factories through 2022. As a result, chip shortages, while weaker than last year, are still an issue. Yes, there are multiple supply chain challenges. It was hard to predict last year, and hopefully this year will be smooth sailing, but I'm not sure what you've done for 2021, 2020 reproduction. That said, we do expect 2022 to be up significantly from 2021, easily exceeding last year's 50%."
Based on last year's total sales of 936,000, Tesla will try to deliver 1.4 million cars this year, but exactly how that will turn out is to be determined for now.
Last month someone photographed that Tesla Shanghai factory is exporting Model 3 and Model Y in full force.
Tesla's Berlin plant has already received approval for trial production, and Musk will be in Berlin in the middle of this month to push for formal production approval. if the Berlin plant goes into production in March, and the Shanghai and Fremont plants speed up production, Tesla deliveries are expected to grow again in the first quarter.