Original title: Wall Street analyst: "Core shortage" to Tesla, Inc.Hit the delivery volume of Q3 or hit a new high of 230000 vehicles.
Although the "lack of core" crisis continues to hang over the auto industry, Wall Street analysts have recently given optimistic forecasts for Tesla, Inc. 's delivery in the third quarter, even believing that this will be the company's best quarter.
Specifically, Wall Street investment banks Piper Sandler and Royal Bank of Canada(RBC) have raised their forecast for car delivery in the third quarter to about 233000 vehicles, Credit Suisse(Credit Suisse) estimates that Q3 deliveries range from 225000 to 230000 vehicles.
It is reported that this is expected to increase by about 65 to 67 per cent compared with Tesla, Inc. 's delivery volume in the same period last year. As of Monday local time, analysts on average expected Tesla, Inc. to deliver 222700 electric vehicles in the third quarter, according to data provider Visible Alpha.
Earlier this month, Elon Musk, chief executive of Tesla, Inc., said in an employee memo that Tesla, Inc. 's production was coming to an end in the third quarter and that Tesla, Inc. 's production was facing great challenges. He hoped that employees would be prepared to make an all-out sprint to ensure a satisfactory answer in the third quarter.
In addition, analysts also said that the global semiconductor shortage may have less impact on Tesla, Inc.. The "lack of core" crisis has put many automakers around the world in trouble.
But Dan Levy, an analyst at Credit Suisse, said in a report that "Tesla, Inc. seems to be less affected by supply shortages than other [carmakers]." Tesla, Inc. had previously said that the global shortage of chips had been solved by rapidly switching to new microcontrollers and developing firmware for new chips produced by new suppliers.
Piper Sandler's Alexander Potter said the third quarter was probably the "strongest" quarter ever for Tesla, Inc., noting that Tesla, Inc. 's market share was rising as the use of electric vehicles was growing in Europe and China. He also raised his annual production forecast to 894000 from 846000. This will nearly double the 499550 vehicles delivered last year.
Levy also said China's position as a source of Tesla, Inc. 's global exports was rising, with its Shanghai plant probably exporting about 55000 cars from July to August, up from about 30, 000 in the second quarter.