Tesla could record increases of more than 30% in the coming months. This is what emerges from the estimates of Wedbush analyst Daniel Ives, taken from Bloomberg News.
According to the investment firm’s analysis which confirmed the outperform recommendation and the $ 1,400 target price on Tesla, the shortage of components will decrease next year, allowing Tesla to better meet the growing demand in China, while the new plants Austin Texas and Berlin should alleviate global manufacturing bottlenecks. “The core of the bullish thesis on Tesla remains China, which we estimate will account for 40% of the electric vehicle manufacturer’s deliveries in 2022”, underlines the Wedbush analyst who estimates that by the end of 2022 Tesla will have the capacity to produce about 2 million cars a year compared to about 1 million today.