Wedbush Securities analyst Daniel Ives told CNBC's Squawk Box on Thursday that Tesla's trajectory is positive. The company's expected number of deliveries on the Street has increased to 200,000 over the past few weeks, but Ives believes a rise from 205,000 to 210,000 in Q2 2021 is likely.
Despite Tesla's situation in China, this should not harm the final figures. Ives said China and Europe were indeed strong in May and June and could ultimately drive shipments upward. At the moment, he has a Tesla price target of $1,000.
In addition, Ives told CNBC the manufacturer could achieve an impressive 900,000 deliveries in 2021. He also thinks that in 2022, the number could grow to 1.3 million as the company is focused on profitability. "The best way to play the green tidal wave is Tesla," Ives said.
On June 30, the analyst tweeted that as Wall Street looks at 200,000 deliveries in Q2 2021 as the bull case bogey.
Tesla will be reporting its highly anticipated June quarter delivery numbers over the next few days with all Street eyes on 200k as the bull case bogey. We believe while 2Q was bumpy, the trajectory heading into 2H is positive and should benefit Musk & Co. over the next year.— Daniel Ives (@DivesTech) June 30, 2021
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.